BERLIN, March 26 (Reuters) - Volkswagen's top investor, Porsche SE, expects the German auto group to reduce complexity, with divestments possible in various areas, the holding group's CEO said on
Porsche SE Expects Volkswagen to Reduce Complexity with Potential Divestments
Volkswagen's Strategy and Potential Divestments
Porsche SE's Perspective on Volkswagen's Subsidiaries
BERLIN, March 26 (Reuters) - Volkswagen's top investor, Porsche SE, expects the German auto group to reduce complexity, with divestments possible in various areas, the holding group's CEO said on Thursday.
Assessment of Subsidiary Value to Core Business
Volkswagen has developed a large number of subsidiaries over time, Porsche SE CEO Hans Dieter Poetsch said, adding: "In a number of cases one can certainly ask whether this will truly contribute to the actual core business in the future."
Ongoing Processes and Future Outlook
"Processes are underway in various areas to agree on potential divestitures. In that regard, I think the issue will certainly continue to develop over the course of the year," Poetsch said.
(Reporting by Rachel More and Ilona WissenbachEditing by Madeline Chambers)
