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Volkswagen plans to take stake in Sixt

  • VW could take a stake of up to 15% in Sixt in the form of ordinary and preferred shares via a capital increase.
16 Sep 2020

BERLIN: German car maker Volkswagen plans to take a stake in Sixt, 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.