Salem Radio Network News Sunday, September 27, 2020

Business

Volkswagen plans to take stake in Sixt: Manager Magazin

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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