BERLIN (Reuters) -German luxury sports car maker Porsche is weighing a sale of its consulting and IT services business MHP, a person familiar with the matter said. The process is at an early stage,
Porsche considers sale of IT unit MHP, source
BERLIN (Reuters) -German luxury sports car maker Porsche is weighing a sale of its consulting and IT services business MHP, a person familiar with the matter said.
The process is at an early stage, the source said.
Porsche said it was regularly evaluating potential optimisations for its investments, declining to comment further.
Shares in the carmaker closed 7.6% higher at the top of Frankfurt's blue-chip index following the news, which was first reported by Handelsblatt.
MHP could be valued at more than 1 billion euros ($1.2 billion), the paper had reported earlier on Friday, citing two people familiar with the matter.
It said no sales mandate had been awarded yet, but that investment bank Lazard was a potential candidate.
Lazard declined to comment.
($1 = 0.8540 euros)
(Reporting by Christina Amann, Isabel Demetz and Rachel More, Editing by Miranda Murray, Christoph Steitz and Louise Heavens)
