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In July 2012, Volkswagen completed takeover of Porsche ending the four-year saga and formed an integrated automotive group with Porsche. Porsche AG would become the 10th brand of Volkswagen. The holding company Porsche SE was left with 31 percent of the subscribed capital of Volkswagen AG, and 50.7 percent of the voting rights in the company. [125]
Porsche SE was created in June 2007 by renaming the old Dr. Ing. h.c. F. Porsche AG, and became a holding company for the families' stake in Porsche Zwischenholding GmbH (50.1%) (which in turn held 100% of the old Porsche AG) and currently is the major shareholder in Volkswagen AG (31.3%) and holds the majority voting rights (53.1%).
If the planned merger fails, there is the possibility that Volkswagen will increase its 49.9% stake in Porsche or switch to a put/call structure whereby Porsche sells its car-making assets to ...
On 5 July 2012, Volkswagen AG announced a deal with Porsche resulting in VW's full ownership of Porsche on 1 August 2012. The deal was classified as a restructuring rather than a takeover due to the transfer of a single share as part of the deal. Volkswagen AG paid Porsche shareholders $5.61 billion for the remaining 50.1% it did not own. [15] [16]
If you're still waiting for a merger between the parent companies of VW and sports car maker Porsche to close, don't hold your breath. VW's CEO is warning that it may not happen at all. "The ...
Volkswagen's listing of Porsche last Thursday, floating 12.5% of the sportscar brand on the stock market, prompted speculation of further listings as a means of unlocking value in the group that ...
Porsche SE was created in June 2007 by renaming the old Dr. Ing. h.c. F. Porsche AG, and became a holding company for the families' stake in Porsche Zwischenholding GmbH (50.1%) (which in turn held 100% of the old Porsche AG) and Volkswagen AG (50.7%).
Volkswagen announced its intention to float sportscar maker Porsche on Monday, marking a new phase in a sometimes fraught relationship between the two leading auto brands that goes back decades.