By William Boston 

BERLIN - Porsche AG, the sports car maker owned by Volkswagen AG, reined in its finance chief on Monday after he sparked speculation that the company was discussing a potential listing of a luxury super group combining Porsche, Lamborghini, Bugatti and Bentley with a potential value of up to 70 billion euros ($80.9 billion).

In an official statement Monday, Porsche sought to row back from the comments, rejecting 'speculation' about a possible listing of some or all of the company.

"Porsche does not currently have any plans to pursue a (partial) initial public offering. The Stuttgart-based sports car manufacturer denies all reports to the contrary that claim an IPO is in progress," the company said in a statement.

Porsche CFO Lutz Meschke made the comments on the sidelines of a media event at Porsche on Friday, but they weren't reported until Monday. Porsche did not deny that Mr. Meschke made the comments or claim he had been misrepresented in reports.

Write to William Boston at william.boston@wsj.com.

(END) Dow Jones Newswires

October 15, 2018 08:14 ET (12:14 GMT)