The German state of Lower Saxony plans to sell off shares in the car maker Volkswagen AG, sources told the German Press Agency dpa.
The state cabinet's decision to offload shares in Europe's biggest carmaker forms part of Lower Saxon government's budget review. Lower Saxony at present has about a 20-per-cent stake in VW.
However, the size of the share package it plans to sell is not known but it is unlikely to be more than 2 per cent.