Crown

Board: Porsche Language: English Region: Worldwide Share/Save/Bookmark Close

Forum - Thread


    Porsche increases stake in VW

    http://www.porsche.com/usa/aboutporsche/pressreleases/pag/?pool=international-de&id=2007-03-24

    Like usual such news are published on Saturdays Will be interesting to see how the stock market will react next Monday...

    Re: Porsche increases stake in VW

    Color me surprised.

    And Porsche AG (or is it the new holding Porsche SE?) must now make a bid for the rest of the shares it does not own. I guess Mr. Piëch is about to fulfill his dream to bring back VW to the family fold.

    Re: Porsche increases stake in VW

    Quote:
    The Groom said:
    Color me surprised.

    And Porsche AG (or is it the new holding Porsche SE?) must now make a bid for the rest of the shares it does not own. I guess Mr. Piëch is about to fulfill his dream to bring back VW to the family fold.



    They did already. The bid is low and will not bring many investors to take the offer and trade in their shares. This is obviously also what Porsche wants to save cash.

    yah

    Re: Porsche increases stake in VW

    More discussion on this topic from the BBC:

    http://news.bbc.co.uk/1/hi/business/6494593.stm

    Re: Porsche increases stake in VW

    I wish porsche would just buy the whole lot and have done with the little nibble increases every 6 months....

    Re: Porsche increases stake in VW

    I don't see them going much over what they have now as long as the State of Lower Saxony stays as an ally. As long as Lower Saxony and Porsche's two voting blocks vote together they have a 51% stake and a majority.

    Re: Porsche increases stake in VW

    Apparently the 'Volkswagen law' limiting voting power to 20% irrespective of shares held won't last long if the EU gets its way...

    Re: Porsche increases stake in VW

    The "VW Law" should be abolished very shortly hence this move from Porsche.

    Re: Porsche increases stake in VW

    Eric, do you have any opinions onto how far Porsche is likely to go with these moves on VW? will they eventually "control" VAG group?

    Re: Porsche increases stake in VW

    Quote:
    Carlos from Spain said:
    Eric, do you have any opinions onto how far Porsche is likely to go with these moves on VW? will they eventually "control" VAG group?



    Isn't this already the case? Piech runs VW. The company he and his family own and essentially control is now buying the company he runs. Not sure this would pass muster by the SEC in the US.

    Re: Porsche increases stake in VW

    I suspect ultimately Porsche will raise its stake over 50%. However for the time being they already control the company so there is technically no need to go from 31% to over 50%.

    VW has a supervisory board made of 20 members:
    - 10 are union representatives and are for the time being pro-Porsche
    - 3 are Porsche AG representatives (actually Porsche has only 2 seats as of today but has asked for a 3rd one)
    - 2 are devoted to the state of Lower Saxony that has declared they were now acting in concert with Porsche
    - 5 seats are for independant members ...

    Bottom line Porsche is controlling 15 seats out of 20... More importantly, Dr F Piech head of VW's Supervisory board is one of Porsche largest shareholder.

    Re: Porsche increases stake in VW

    very interesting Eric

     
    Edit

    Forum

    Board Subject Last post Rating Views Replies
    Porsche Sticky The moment I've been waiting for... 10/24/21 9:16 PM
    Enmanuel
     
     
     
     
     
    476227 1290
    Porsche Sticky OFFICIAL: New Porsche 911 Turbo S (2020) 10/18/21 10:58 PM
    Leawood911
    174719 1150
    Porsche Sticky Welcome to Rennteam: Cars and Coffee... (photos) 10/14/21 6:25 PM
    bluelines
    68409 382
    Porsche Sticky SUN'S LAST RUN TO WILSON, WY - 991 C2S CAB LIFE, END OF AN ERA (Part II) 10/24/21 4:10 PM
    Enmanuel
    61752 642
    Porsche Sticky ROAD TEST: New 992 Carrera 4S 3/3/21 10:57 PM
    Wonderbar
    47726 336
    Porsche Sticky Porsche Taycan Turbo S - Short Review 10/24/21 8:04 PM
    WhoopsyM
    46956 437
    Porsche Sticky Porsche extends the Taycan model range (Taycan 2WD) 2/1/21 12:42 PM
    Leawood911
    13045 29
    Porsche Cayman GT4 10/5/21 7:04 PM
    Topspeed
    470627 3587
    Porsche OFFICIAL: 911 GT2 RS (2017) 9/28/21 3:25 AM
    WhoopsyM
    387710 3507
    McLaren McLaren on a winning streak 10/20/21 6:01 PM
    Topspeed
    383128 3919
    Porsche OFFICIAL: 991.2 GT3 RS (2018) 4/28/21 12:26 PM
    W8MM
    349325 3252
    Porsche OFFICIAL: 911 R (2016) 10/8/21 11:41 AM
    xpto
    318860 2647
    Porsche 992 GT3 10/22/21 10:59 AM
    reginos
    270785 3051
    Porsche OFFICIAL: The new Porsche 992 – a design icon and high-tech sports car 9/29/21 1:59 AM
    watt
    252819 1587
    Porsche OFFICIAL: New Panamera (2016) 2/11/21 9:22 AM
    Itsme
    168601 1379
    Lambo Lamborghini Huracan and variants 4/9/21 4:32 PM
    Topspeed
    118983 1225
    Porsche Donor vehicle for Singer Vehicle Design 9/22/21 1:28 AM
    Leawood911
    103319 749
    Porsche Welcome to the new Taycan Forum! 10/9/21 1:11 PM
    CGX car nut
    94342 1231
    McLaren F1 7/10/21 7:43 AM
    BiTurbo
    82846 209
    Lambo Aventador and SV 8/27/21 2:33 PM
    Topspeed
    72691 698
    AMG AMG GT R 7/8/21 3:07 PM
    CGX car nut
    72501 824
    Porsche Nürburgring - Tesla vs. Taycan 11/23/20 6:10 PM
    Topspeed
    51424 596
    Others Tesla 2 the new thread 10/20/21 8:56 PM
    Leawood911
    49352 1204
    Others Bugatti Chiron 10/16/21 4:53 PM
    crayphile
    43096 486
    Ferrari Ferrari 812 Superfast 6/24/21 6:30 PM
    Porker
    40560 531
    Porsche Olive 991.2 GT3 Clubsport 1/1/21 7:58 PM
    throt
    39430 615
    BMW M BMW M2 Rumors 7/7/21 8:38 PM
    Jim_in_Iowa
    30780 394
    Ferrari 488 Replacement 4/17/21 8:28 PM
    Rossi
    27730 370
    Motor Sp. [2021] Formula 1 10/24/21 8:53 PM
    WhoopsyM
    27084 777
    Porsche GT4RS 10/24/21 5:20 PM
    WhoopsyM
    26912 432
    259 items found, displaying 1 to 30.