The billionaire Porsche and Piech family plan to keep intact their majority shareholding in Volkswagen Group after the listing of VW's Porsche sports-car business.
The Porsche and Piech family has a 53 percent shareholding in VW Group through their family investment vehicle, Porsche Automobil Holding SE.
Porsche SE plans to buy a a blocking minority stake of 25 percent in a planned Porsche initial public offering valued at as much as 90 billion euros ($99.1 billion), according to Bloomberg Intelligence.
Porsche SE has a strong balance sheet and significant potential to raise outside capital, Chief Financial Officer Johannes Lattwein said Tuesday.
There are "currently no plans to reduce the stake in Volkswagen," Lattwein said on a call with reporters.
Teams working on the IPO, VW Group's biggest strategic move in years, were "extremely engaged," he said.