The Federal Financial Supervisory Authority (BaFin) warns against dubious pre-market purchase offers for Porsche AG shares.
C & C Finanz, which is said to be based in Hamburg, made unsolicited telephone contact with consumers in order to offer them alleged pre-market shares in Porsche AG, BaFin reported on Friday.
That is illegal.
The shares came neither from Volkswagen nor from subsidiaries.
BaFin explained that these shares would not be delivered after payment by the buyer and that the providers could no longer be reached.
Volkswagen had repeatedly confirmed that it was examining a possible IPO for its subsidiary Porsche AG in the fourth quarter of 2022.
However, nothing else has happened yet.
The Bonn authorities pointed out that there was no required securities prospectus for the shares mentioned.
Reports of attempted fraud in which shares of well-known companies are offered for subscription have increased recently.
In the case of the attempted fraud, it should be noted that the calls do not refer to Porsche SE, which is already listed.
This is an investment company that is the largest shareholder in the Volkswagen Group.
Volkswagen, in turn, is the parent company of Porsche AG, which is responsible for the production of the well-known sports cars.