Takeover of the Austrian Porsche Holding

Industrials › Automotive ♦ Published: March 1, 2011; 00:25 ♦ (Vindobona)

The majority owner VW could soon take over the Austrian part of the Porsche Group. The price is € 3.3bn.

Takeover of the Austrian Porsche Holding / Picture: © Volkswagen

Volkswagen might finalize the acquisition of the car retailer Porsche Holding in the next weeks. The Austrian part of the Porsche Group is based in Salzburg. However, WV did not wish to comment on the report by the "Frankfurter Allgemeine Zeitung".

The purchase of the Porsche Holding is considered an interim step for the final inclusion of Porsche in the VW group. Porsche would…

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