Founding Families Prepare To Take A Stake As Porsche Considers IPO

The Porsche and Piech families are prepared to take a direct stake in Volkswagen Group's Porsche brand if the sports-car unit is separately listed, two people familiar with the matter said.

Such a move would loosen the families' grip on VW Group in favor of direct ownership of the Porsche brand, which dates back to 1931 and was founded by Ferdinand Porsche.

Read Article