Volkswagen plans to take stake in rental firm Sixt

German automaker Volkswagen prepares to take a stake in Sixt, a rental firm that has branched out into mobility services such as car-sharing and ride-hailing, Manager Magazine reported on Wednesday.

Sixt is a German multinational car rental company with about 2,100 operations in more than 105 countries. 

The automaker could take a stake of up to 15% in Sixt in the form of ordinary and preferred shares through a capital increase, the business periodical said in a report that mentioned unnamed sources.

VW refused to comment on the report, describing it as speculation.