Volkswagen has taken a 49.9 stake in Porsche AG
Volkswagen has taken a 49.9 per cent stake in Porsche AG in the next step towards an integrated automotive group. The price for the stake is 3.9 billion euros.
The combination of Porsche and Volkswagen follows a compelling and strategic logic as Porsche compliments the Volkswagen brand portfolio by expanding into the premium business sector. Porsche, an independent brand under the Volkswagen Group, will also have the potential for significant additional growth.
Tags: automotive, group, porsche, Volkswagen