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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%).
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 Volkswagen AG (50.7%).
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 ...
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 ...
It appears that the drawn-out struggle over the ownership of Porsche may be coming to an end. According to Saturday's edition of Der Spiegel, Volkswagen (VW) plans to purchase all of Porsche ...
In May 2009, Porsche gained majority control of Volkswagen Group and proposed a merger of the two companies. [citation needed] In August 2009, Volkswagen AG's supervisory board signed the agreement to create an integrated Auto group with Porsche led by Volkswagen.
Porsche had many difficulties financing the large investment, and agreed in August 2009 to sell its automobile manufacturing business to Volkswagen Group, [16] while retaining the majority ownership in Volkswagen Group. Porsche SE officially became the controlling owner of Volkswagen Group when the 'Volkswagen Law' was amended to abolish the 20 ...