Vw Porsche Merger

Following years of negotiations, Volkswagen has finally announced its buyout of Porsche. The remaining 50.1 percent stake in Porsche will cost Volkswagen €4.46 billion, completing a takeover bid that began in earnest in 2009 when VW acquired 49.9 percent of the sports car manufacturer for €3.9 billion.

The move comes after the manufacturers decided to wrap up the process in order to avoid a tax bill of up to €1.5 billion, which would have been applied to the sale if it had taken place in 2014. However, nothing between these two companies is ever straight-forward. So while Porsche has become a wholly owned Volkswagen company, Volkswagen will make payment to Porsche SE, a holding company that not only owns the Porsche sports car business, but also has a 32.2 percent stake in Volkswagen AG.

“The accelerated implementation of the shared goal will make Porsche SE a financially strong holding company with attractive potential for increasing value added. We are creating clearly defined, sustainable structures and a solid outlook for Porsche SE’s future,” said Porsche board member Matthias Mueller.

“We can now cooperate even more closely and jointly leverage new growth opportunities in the high-margin premium segment,” VW Chief Executive Officer Martin Winterkorn said in a statement.

Tags: porsche, porsche se, porsche vw merger, volkswagen ag, volkswagen porsche merger, vw porsche merger

on 06 July 2012

Posted on 06 July 2012 by SACarFan

Tags: porsche, porsche se, porsche volkswagen, porsche vw merger, porsche-vw, volkswagen, volkswagen porsche, vw group and porsche, vw group porsche, vw porsche, vw porsche merger

on 12 September 2011

Posted on 12 September 2011 by SACarFan

Tags: martin winterkorn, porsche se, porsche volkswagen, porsche vw merger, porsche-vw, volkswagen porsche, vw group and porsche, vw group porsche, vw porsche, vw porsche merger

on 11 March 2011

Posted on 11 March 2011 by SACarFan

Tags: autos, cars, ferdinand piech, ferdinand porsche, german auto industry, german cars, martin winterkorn, merger, merger deal, piech family, porsche, porsche family, takeovers, volkswagen, vw, vw porsche merger, wendelin wiedeking

on 24 October 2009

Posted on 24 October 2009 by Scott Hayes

Tags: autos, cars, debt, ferdinand piech, ferdinand porsche, financial crisis, german auto industry, german cars, martin winterkorn, merger, merger deal, piech family, porsche, porsche family, qatar, qatar sovereign wealth fund, takeovers, volkswagen, vw, vw porsche merger, wendelin wiedeking

on 19 August 2009

Posted on 19 August 2009 by Scott Hayes

Tags: autos, cars, debt, ferdinand piech, ferdinand porsche, financial crisis, german auto industry, german cars, merger, piech family, porsche, porsche family, qatar, qatar sovereign wealth fund, takeovers, volkswagen, vw, vw porsche merger, wendelin wiedeking

on 09 July 2009

Posted on 09 July 2009 by Scott Hayes

Tags: autos, cars, debt, ferdinand piech, ferdinand porsche, financial crisis, german auto industry, german cars, merger, piech family, porsche, porsche family, takeovers, volkswagen, vw, vw porsche merger

on 19 May 2009

Posted on 19 May 2009 by Scott Hayes