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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.
