supervisory board of German automakers Volkswagen AG approved a takeover of sports car manufacturer Porsche AG to build a single car team. This is stated in a press release Volkswagen.
Group will be formed through the merger of VW and the holding company Porsche Automobil Holding SE, which is the parent company of Porsche. In doing so, Porsche would retain its independence. VW supervisory board is also considering the inclusion of representatives of Qatar as one of its shareholders, and considers this state as a strategic partner in the issue of merging companies.
To implement the objectives identified in the near future the Board of Directors VW will begin negotiations with the new leadership of Porsche on a joint concept of a merger. In addition, in anticipation of the signing of the agreement will be carried out the necessary inspection and evaluation.
Remember, during the meeting of the supervisory board of Porsche, which was held on the night of July 23, it was decided to increase the share capital Porsche to 5 billion euros to complete negotiations with the Qatari investors Qatar Investment Authority on the acquisition of the shares of the group and dismiss the current chairman Wendelin Videkinga government.
13 July, it was reported that Volkswagen has increased the size of its offer for 49.9% of stake in the manufacturer of sports cars Porsche to more than 4 billion euros with the previously proposed 3-4 billion euros.
Recall also
, May 7 avtokompanii Volkswagen and Porsche have announced plans to merge. Representatives of the family Porsche agreed to create integrated avtoproizvodyaschuyu company that can unite under one roof to 10 brands. However, on 18 May reported that the talks suspended indefinitely. 30 June, Porsche said that abandoning the proposal to merge with Volkswagen. According to Porsche, the deal unprofitable for the company.
This proposal was received from Volkswagen. For us, it has no practical meaning, - said the representative of Porsche. However, on 16 July the owners of Porsche said that finally reached a principled agreement with Volkswagen for the establishment of an integrated model of the group.
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