On August 13th, Gaoguanghui reported that German luxury sports car manufacturer Porsche disclosed that its consortium, including private equity fund EQT, notable investor Klaus-Michael Kuehne, has acquired a 35% stake in North Americas long-distance bus group Greyhound and Europe long-distance bus company FlixBus' parent company Flix. According to the announcement, the consortium members also include private equity fund EQT, notable investor Klaus-Michael Kuehne, among others. Porsche did not mention the price of the transaction in the announcement, only stating that the equity is valued at tens of millions of euros. EQT announced the acquisition of Flix in July. At that time, EQT only mentioned Kuehne as one of the partners, without mentioning Porsche.