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Shares in Volkswagen's sportscar brand Porsche started trading on Thursday in what marks Germany's second-largest listing ever as well as a new phase in a sometimes fraught relationship between ...
HAMBURG/FRANKFURT (Reuters) -Volkswagen on Monday announced its intention to float sports car brand Porsche, triggering what could become one of the world's largest listings even as record ...
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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%).
Reuters reports Volkswagen is expecting a valuation for Porsche between $60-$85 billion post IPO. Sources also told Reuters Volkswagen may extend the 4-week period for buyers to express interest ...
The Volkswagen Group E platform was a series of automobile platforms shared among multiple marques of sport utility vehicles (SUVs) (4x4s in the European market). It was co-developed by Volkswagen Group and Porsche AG .
Autoblog Editor-In-Chief Greg Migliore joins Yahoo Finance Live to discuss the Porsche trading debut in Frankfurt, how much capital the IPO has generated for Volkswagen, and automakers racing to ...