BERLIN (Reuters) -Porsche is looking to sell its consulting and IT services business MHP, which could possibly be valued at over 1 billion euros ($1.17 billion), the German business daily Handelsblatt reported on Friday, citing two people familiar with the matter.

Porsche was not immediately available for comment.

Handelsblatt cited the German carmaker as saying it was "continuously reviewing potential optimisations for its investments."

($1 = 0.8540 euros)