Porsche Volkswagen acquisition

European Commission 23 July 2008 to make a formal decision to approve Germany's Porsche Automobil Holding's acquisition of the German Volkswagen Group. European Commission communiqué issued the same day, said the investigation concluded that the merger of two German auto companies in the region will not cause significant damage to competition, it was decided the approval of the merger and acquisition transactions.

 

Porsche Automobil Holding Company to develop, manufacture and marketing of luxury sports cars and sport-oriented SUV, is a famous high-end auto companies. Volkswagen Group is currently the world's largest manufacturers of cars, the main development and production of signs Porsche and Volkswagen cars and light commercial vehicles, brands include Volkswagen, Audi and many other famous brands.

 

Poor management in recent years for the Volkswagen Group's acquisition Porsche created the conditions. Currently, Porsche has become the largest shareholder in Volkswagen. The combined company will replace the public to become Europe's biggest auto companies.

 

Porsche Volkswagen shares Zaixianbolan acquisition. Recently, in celebration of the 60th anniversary of Porsche, the Porsche confirmed a message: This year, Porsche shares held by the public will be increased to 50%. Porsche currently holds 31% stake in Volkswagen, but increased to 50% of the shares will effectively enhance the German giant of mass control. Porsche Motor Company September 16, 2008 announced that the company has 35.14% of Volkswagen shares in the company to master the actual control, so that became a subsidiary of Volkswagen.

 

Recently, the Porsche Motor Company formally held the shares more than 52% of the general public to become the largest shareholder, but the provisions of the German automotive industry must have at least 80% of the shares of the other party to that completion of the acquisition, while the German ZF 20.1% of the hands Volkswagen shares to strengthen competition in order to prevent monopoly, Germany, ZF refused to sell these shares to Porsche, the Porsche we do not buy the public.