Volkswagen AG is considering buying the remaining 50.1% stake in Porsche to November 2012. On it informs RIA of "News" with reference to the agency Dow Jones.
Porsche has putable to sell 50.1% of its shares during the period from November 15, 2012 to January 14, 2013, and Volkswagen may execute a call option to purchase shares of Porsche in the period from March to April 2013. However, according to the agency, Volkswagen is currently considering other opportunities for the integration of Porsche to the union took place as early as possible. At the same time it is noted that the final decision on the timing of the merger is still pending.
Recall that in December 2009, Volkswagen bought 49.9% stake in Porsche. The deal amounted to 3.9 billion euros. At the same time the company has confirmed its intention to complete the merger with Porsche in 2011, but has not yet happened. Note that after the full merger of Volkswagen and Porsche in Germany, the most powerful in Europe, there automaker, which owns ten car brands.
Porsche has putable to sell 50.1% of its shares during the period from November 15, 2012 to January 14, 2013, and Volkswagen may execute a call option to purchase shares of Porsche in the period from March to April 2013. However, according to the agency, Volkswagen is currently considering other opportunities for the integration of Porsche to the union took place as early as possible. At the same time it is noted that the final decision on the timing of the merger is still pending.
Recall that in December 2009, Volkswagen bought 49.9% stake in Porsche. The deal amounted to 3.9 billion euros. At the same time the company has confirmed its intention to complete the merger with Porsche in 2011, but has not yet happened. Note that after the full merger of Volkswagen and Porsche in Germany, the most powerful in Europe, there automaker, which owns ten car brands.
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