Porsche raises stake in Germany's Bertrandt to 29%

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BERLIN (Reuters) -- Porsche said today it has raised its stake in German engineering company Bertrandt to about 29 percent.

Porsche increased its holding from the 25 percent it has owned since 2001, a spokesman said.

Porsche said it had no plans to acquire further voting rights, nor did it seek any influence over the executive and supervisory boards of Bertrandt.

Bertrandt, which is based in Ehningen, provides engineering services to automakers including Audi, BMW Group, Daimler, and Ford Motor Co.

Automotive News Europe contributed to this report

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