vw Porsche Merger

Volkswagen’s and Porsche’s supervisory Boards have today approved a comprehensive agreement to create an integrated automotive group, which would be led by Volkswagen. An agreement to this effect has been negotiated by Volkswagen AG and Porsche Automobil Holding SE, as well as the Porsche and Piëch family shareholders. The agreement seals the creation of a joint group with ten strong brands.

Under the agreement, Volkswagen will initially take a 42 percent stake in Porsche AG by the end of 2009 and will also see the family shareholders selling the automobile trading business of Porsche Holding Salzburg to Volkswagen. The plans will culminate in the merger of Porsche SE with Volkswagen. This is expected to be completed in the course of 2011, and will require the approval of both companies’ shareholders.
Porsche Merger
Porsche Merger
vw Porsche
vw Porsche Merger
Porsche Merger