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Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg
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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,…
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