Porsche sees double-digit ROI from VW investment

Newswire

FRANKFURT, Sept 27 (Reuters) - Germany's Porsche wants its investment in Volkswagen to generate a return of at least 10 percent, Porsche said on Tuesday following news it planned to buy a 20 percent stake in VW. "We expect a double-digit ROI on Volkswagen," a spokesman for the luxury carmaker said. He added that Porsche would discuss with VW in the near future the purchase of the latter's own treasury shares that comprise 13 percent of the group's voting rights. "We will also talk to ...

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