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Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg

Published: March 3, 2011; 00:30 · (Vindobona)

Next major step towards the creation of the integrated automotive group of Volkswagen and Porsche

Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg / Picture: © Porsche

Volkswagen has acquired the operating business of Porsche Holding Salzburg (PHS) in accordance with previous announcements. The transfer of the automobile trading company takes place at a value of € 3.3bn on March 1, 2011. The registered office and corporate headquarters will remain in Salzburg.

With the acquisition which was already foreseen in the comprehensive agreement,…

This article includes a total of 309 words.

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