The major VW and Porsche shareholder Porsche SE intends to use its growing financial strength to add shares in other smaller companies to its two main holdings.

"Our financial resources give us considerable scope for potential investments in further core and portfolio holdings," said CFO Johannes Lattwein on Tuesday. "The current stock market environment and the resulting overall fall in company valuations are opening up attractive opportunities for us." The holding company controlled by the Porsche and Piech families recently acquired a stake in long-distance bus and rail operator Flix.

(Report by Ilona Wissenbach. If you have any queries, please contact the editorial team at frankfurt.newsroom@thomsonreuters.com)