--Volkswagen AG is considering buying a stake in car rental company Sixt SE following talks between the companies, German economic magazine Manager Magazin reports citing people with knowledge of the matter.

--According to the magazine, Volkswagen is planning to acquire about 15% of company shares, part in common stock and part in preferred stock.

--Sixt is currently organizing a capital increase, and while the Sixt family holds the majority of the company's voting rights, it doesn't object to adding an anchor shareholder, the magazine reports.

--Volkswagen and Sixt declined to comment on the report.

Full story: https://bit.ly/3hBVSSP

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(END) Dow Jones Newswires

September 16, 2020 10:22 ET (14:22 GMT)

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