Rus News Journal

Porsche agreed to be a part VW for eight billions euro

Owners of the company of Porsche - Porsche and Pih families - accepted the offer of concern of Volkswagen on the full repayment of actions of the manufacturer of sport cars for eight billions euro, informs German edition Spiegel referring to agency DPA. Absorption of firm of Porsche will be carried out in two stages - on 50 percent of shares for each tranche then the stamp becomes the tenth brand as a part of group VW.
According to terms of transaction, families of Porsche and Pih receive in the order of 50 percent of shares of the incorporated company, the earth the Bottom Saxony will dispose of a 20 percent package, and at the rate from 14,9 to 19,9 percent of shares investors from Qatar with which corresponding negotiations are already carried on can get a share. That will be with a 51 percent share holding of Volkswagen with which now owns Porsche, is not specified yet.
we notice that besides shares of company of Porsche concern VW also plans to redeem the dealer network estimated in three billion of euro at the manufacturer of sport cars. The sum obtained in total allows “Porsche“ to pay off with a nine-milliard debt which was formed because of the several credits received on acquisition of actions of group VW.
it is expected that absorption by “Volkswagen“ of the company of Porsche will be officially approved on July, 23rd at special meeting of supervisory board “Porsche“.