BERLIN (Reuters) - Porsche SE, the holding company which owns a third of Volkswagen, expects an impairment on its investment in the carmaker of up to 20 billion euros ($20.98 billion), it said on
Porsche SE Predicts Significant Investment Impairment in Volkswagen
BERLIN (Reuters) - Porsche SE, the holding company which owns a third of Volkswagen, expects an impairment on its investment in the carmaker of up to 20 billion euros ($20.98 billion), it said on Friday.
It also expects an impairment on its investment in luxury carmaker Porsche AG of up to 2 billion euros, based on analyst expectations for the two companies.
($1 = 0.9534 euros)
(Reporting by Victoria Waldersee, Editing by Louise Heavens)
