Volkswagen plans to take stake in Sixt: Manager Magazin

Reuters

Updated 16 September 2020 at 9:32 am

FILE PHOTO: A logo of German carmaker Volkswagen is seen on a car parked on a street in Paris

BERLIN (Reuters) - German car maker Volkswagen plans to take a stake in Sixt <SIXG.DE>, a rental firm that has branched out into mobility services such as car sharing and ride hailing, Manager Magazine reported on Wednesday.

VW could take a stake of up to 15% in Sixt in the form of ordinary and preferred shares via a capital increase, the business periodical said in a report that cited unnamed sources.

VW declined to comment on the report, describing it as speculation.

(Reporting by Douglas Busvine and Jan C. Schwartz; Editing by Jan Harvey)

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