Porsche Holding in group taking stake in Greyhound owner Flix

Published on 20 Aug 2024 on Reuters · via Yahoo Finance

Porsche Holding in group taking stake in Greyhound owner Flix

By Ludwig Burger

FRANKFURT (Reuters) -Porsche Automobil Holding SE said on Monday it is part of an investor group that is taking a 35% stake in Flix SE, owner of Greyhound services in North America and FlixBus in Europe.

Porsche, which controls German carmaker Volkswagen, said it was co-investing with private equity firm EQT and investor Klaus-Michael Kuehne, among others, and that its stake in Flix SE was worth a "low double-digit million" euros.

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Porsche Holding in group taking stake in Greyhound owner Flix

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