VW’s top shareholder Porsche SE to write down up to 20 billion euros on investment

© Reuters. FILE PHOTO: An employee of Europe's largest carmaker Volkswagen arrives for the early morning shift at the VW plant in Osnabrueck, Germany October 28, 2024. REUTERS/Teresa Krueger/File Photo

It also expects an impairment on its investment in luxury carmaker Porsche AG of up to 2 billion euros, based on analyst expectations for the two companies.

($1 = 0.9534 euros)

Related Posts

Ncino director Jeff Horing sells $68.88 million in stock

Jeff Horing, a director at nCino, Inc. (NASDAQ:NCNO), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Horing sold a total of…

Read more

MGM Resorts director Keith Meister sells shares worth $1.87 million

Keith Meister, a director at MGM Resorts International (NYSE:MGM), has recently sold a portion of his holdings in the company. According to a recent SEC filing, Meister sold 51,000 shares…

Read more

osi systems EVP & CFO Alan Edrick sells $1.88 million in shares

Alan Edrick, Executive Vice President and Chief Financial Officer of OSI Systems Inc. (NASDAQ:OSIS), a $3.14 billion security and inspection systems company whose stock has gained over 40% in the…

Read more

Full House Resorts director Kathleen Caracciolo sells $39,389 in stock

Kathleen Caracciolo, a director at Full House Resorts Inc . (NASDAQ:FLL), recently reported transactions involving the company’s common stock. On December 12, Caracciolo sold a total of 8,900 shares, generating…

Read more

Exclusive-Yellen won’t rule out sanctions on Chinese banks, curbs on ‘dark fleet’ oil tankers

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on “dark fleet” tankers and will not rule out sanctions…

Read more

CPHI stock touches 52-week low at $0.17 amid market challenges

China Pharma Holdings Inc (CPHI) stock has reached a new 52-week low, trading at $0.17. This latest price level reflects a significant downturn for the company, which has seen its…

Read more

Leave a Reply