Sponsored Content
Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg
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: © Vindobona.org
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,…
or Log In
Fast News Search