FRANKFURT, March 17 Former Volkswagen
Chairman Ferdinand Piech is looking to sell shares
worth around 1 billion euros ($1.08 billion) in Porsche SE
, which controls Europe's largest carmaker, German
weekly Der Spiegel reported on Friday.
The Porsche and Piech families, which control a majority of
VW common stock through family-owned holding company Porsche SE
and which have a right of first refusal for Piech's 14.7 percent
stake, are interested in keeping the shares in the family, the
magazine said, without saying where it got the information.
Porsche SE was not immediately available for comment.
($1 = 0.9301 euros)
(Reporting by Maria Sheahan; Additional reporting by Andreas