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MarketScreener Homepage  >  Equities  >  Xetra  >  Audi AG    NSU   DE0006757008

AUDI AG

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Audi : to shed stakes in development service providers - Automobilwoche

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04/15/2019 | 06:39am EDT
The logo of Audi carmaker is seen at the entrance of a showroom in Nice

MUNICH (Reuters) - Audi wants to sell its stakes in two development service providers, a German trade magazine reported on Monday, citing unnamed corporate sources.

Automobilwoche said the Volkswagen subsidiary faced overcapacity in development and wanted to shed its 49 percent stake in PSW Engineering, which has 1,000 workers, and divest its subsidiary CSI Entwicklungstechnik, which has 700 staff.

Audi didn't rule out changes. In a statement, Audi said that its active portfolio management can lead to adjustments in ownership structure.

(Reporting by Alexander Huebner; Writing by Tom Sims; Editing by Tassilo Hummel; Editing by Kirsten Donovan)

Stocks mentioned in the article
ChangeLast1st jan.
AUDI AG 0.00% 796 Delayed Quote.1.79%
VOLKSWAGEN -1.56% 157.5 Delayed Quote.15.17%
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Managers
NameTitle
Abraham Schot Chief Executive Officer, Head-Marketing & Sales
Herbert Diess Chairman-Supervisory Board
Alexander Seitz CFO & Head-Information Technology
Berthold Huber Vice Chairman-Supervisory Board
Helmut Aurenz Member-Supervisory Board
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