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

BERLIN (Reuters) - Porsche SE, the holding company which owns a third of Volkswagen (ETR:VOWG_p ), expects an impairment on its investment in the carmaker of up to 20 billion euros ($20.98 billion), it said on Friday.



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)

Source: Investing.com