A Porsche logo is pictured on a Porsche in Stuttgart, Germany, August 29, 2017. REUTERS/Michaela Rehle/File Photo
A Porsche logo is pictured on a Porsche in Stuttgart, Germany, August 29, 2017. REUTERS/Michaela Rehle/File Photo
Home » News » Business & Economy » Porsche considers selling MHP, possible valuation of over 1 billion euros, Handelsblatt reports
Business & Economy

Porsche considers selling MHP, possible valuation of over 1 billion euros, Handelsblatt reports

BERLIN (Reuters) -Porsche is looking to sell its consulting and IT services business MHP, which could possibly be valued at over 1 billion euros ($1.17 billion), the German business daily Handelsblatt reported on Friday, citing two people familiar with the matter.

Porsche was not immediately available for comment.

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Handelsblatt cited the German carmaker as saying it was “continuously reviewing potential optimisations for its investments.”

($1 = 0.8540 euros)

(Reporting by Isabel Demetz and Rachel More, Editing by Miranda Murray)

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