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Porsche to take majority stake in VW for £7bn

Rated 4 out of 54

Ben Whitworth, 07 March 2008 11:26

Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns ...

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Porsche to take majority stake in VW for £7bn

Rated 4 out of 54

Ben Whitworth, 07 March 2008 11:26

Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns ...

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June 2012 issue of CAR magazine
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