Volkswagen takes 49.9 percent stake in Porsche

Volkswagen takes 49.9 percent stake in Porsche

Porsche VW logo

VW has sealed the deal and officially taken a 49.9% stake in Porsche. VW paid €3.9 billion ($8.1B NZ.) for its cut, “based on the enterprise value for Porsche AG calculated under a careful due diligence and valuation procedure.” That’s a fair bit more than the €3.3 billion amount VW claimed it would pay a few months back.

In acquiring Porsche, VW gets a profitable premium car brand, but also expects its operating profit to jump by €700 million over time due to cost-savings. The purchase won’t be totally finalised until 2011, though, when VW incorporates Porsche Holding Salzburg, Europe’s largest car dealer which is currently owned by Porsche.

Porsche VW logo

VW has sealed the deal and officially taken a 49.9% stake in Porsche. VW paid €3.9 billion ($8.1B NZ.) for its cut, “based on the enterprise value for Porsche AG calculated under a careful due diligence and valuation procedure.” That’s a fair bit more than the €3.3 billion amount VW claimed it would pay a few months back.

In acquiring Porsche, VW gets a profitable premium car brand, but also expects its operating profit to jump by €700 million over time due to cost-savings. The purchase won’t be totally finalised until 2011, though, when VW incorporates Porsche Holding Salzburg, Europe’s largest car dealer which is currently owned by Porsche.

« | »

Let us know what you think

Loading Facebook Comments ...

Road Tests

Silver Sponsors

Car and SUV Team

Richard-Edwards-2016Richard Edwards

Managing editor

linkedinphotoDarren Cottingham

Motoring writer

robertbarry-headRobert Barry

Chief reporter

Ian-Ferguson-6Ian Ferguson

Advertising Consultant

debDeborah Baxter

Operations Manager

RSS Latest News from Autotalk

RSS Latest News from Dieseltalk

Read previous post:
Burt Reynolds’ personal Bandit Trans Am going to auction

The black-and-gold Special Edition Pontiac Trans Am will forever be a special vehicle for fans of the Smokey and the...

Close