Porsche SE eyes further investments in “attractive” market environment

FRANKFURT (Reuters) – Porsche SE is in a position financially to consider further investments to diversify its portfolio, the holding group’s finance chief said alongside first-half results on Tuesday.

“Our financial resources give us considerable flexibility for potential investments in further core and portfolio investments,” Johannes Lattwein, Porsche SE’s board member for finance and IT, said in a statement.

“In doing so, we pursue an active portfolio development approach. The current stock market environment and the resulting overall decrease in company valuations are creating attractive opportunities,” Lattwein added.

The group, which controls German carmaker Volkswagen (ETR:), on Monday said it was part of an investor group that is taking a 35% stake in Flix SE, owner of Greyhound services in North America and FlixBus in Europe.