UK markets closed
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • FTSE 250

    17,972.69
    -359.01 (-1.96%)
     
  • AIM

    833.59
    -13.83 (-1.63%)
     
  • GBP/EUR

    1.1153
    -0.0287 (-2.51%)
     
  • GBP/USD

    1.0786
    -0.0469 (-4.17%)
     
  • BTC-GBP

    17,546.42
    -252.05 (-1.42%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • DOW

    29,590.41
    -486.29 (-1.62%)
     
  • CRUDE OIL

    79.43
    +0.69 (+0.88%)
     
  • GOLD FUTURES

    1,651.70
    -3.90 (-0.24%)
     
  • NIKKEI 225

    27,153.83
    -159.27 (-0.58%)
     
  • HANG SENG

    17,933.27
    -214.63 (-1.18%)
     
  • DAX

    12,284.19
    -247.41 (-1.97%)
     
  • CAC 40

    5,783.41
    -135.09 (-2.28%)
     

Porsche Automobil Holding SE: Advanced discussions regarding acquisition of 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. Porsche AG in connection with possible IPO

·2-min read

Porsche Automobil Holding SE / Key word(s): Miscellaneous/IPO
Porsche Automobil Holding SE: Advanced discussions regarding acquisition of 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. Porsche AG in connection with possible IPO

03-Sep-2022 / 10:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Porsche Automobil Holding SE (“Porsche SE“) is currently in advanced discussions with VOLKSWAGEN AKTIENGESELLSCHAFT (“VW AG“) regarding the conclusion of a share purchase agreement for 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. Porsche AG (“Porsche AG“) as well as related further agreements in connection with a possible IPO of Porsche AG. The executive board of Porsche SE, in unison with VW AG, has therefore resolved today, with the approval of the competent committee of the supervisory board, to convene further board meetings (executive board and supervisory board) for September 5, 2022 in order to resolve on the next steps with regard to the possible acquisition of these shares in Porsche AG by Porsche SE and the related IPO of Porsche AG.

If the boards of both companies reach an understanding to further pursue the transaction (acquisition of 25% plus one share of the ordinary shares and IPO), the execution of the agreements and thus the implementation of the IPO of Porsche AG would be subject to general market developments, further assessments and board resolutions.


Contact:
Frank Gaube
General Manager Investor Relations
+49-711-911-11046
frank.gaube@porsche-se.com

03-Sep-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Porsche Automobil Holding SE

Porscheplatz 1

70435 Stuttgart

Germany

Phone:

+49 (0)711 911-11046

Fax:

+49 (0)711 911-11819

E-mail:

InvestorRelations@porsche-se.com

Internet:

www.porsche-se.com

ISIN:

DE000PAH0038

WKN:

PAH003

Indices:

DAX

Listed:

Regulated Market in Berlin, Frankfurt (General Standard), Munich, Stuttgart; Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Tradegate Exchange

EQS News ID:

1431477


 

End of Announcement

DGAP News Service

show this
show this