Porsche SE eyes further investment in ‘attractive’ market environment By Reuters

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

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

“In doing so, we are pursuing an active portfolio development approach. The current stock market environment and the resulting general decline in company valuations create attractive opportunities,” added Lattwein.

The group, which controls German maker Volkswagen ( ETR: ), said on Monday it is part of a group of investors taking a 35 percent stake in Flix SE, owner of Greyhound services in North America and FlixBus in Europe.