Can Volkswagen (VWAGY) Walk the Talk of Listing Porsche AG?
September 05 2022 - 05:10AM
TipRanks
The Germany-based automaker Volkswagen AG (VWAGY) is set to conduct
a meeting on September 5 to finally discuss the plans to list the
sports car maker Porsche AG in late September or early October.
Volkswagen is contemplating whether its largest shareholder,
Porsche Automobil Holding SE (POAHY), should be given the nod to
acquire 25% plus one additional share of the voting stock in
Porsche AG. Notably, Porsche SE is an investment fund that is
largely owned by the family of Porsche’s founder. The purchase will
allow the Porsche and Piech families to get greater control over
the carmaker by giving them a blocking minority.
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Volkswagen (PK) (USOTC:VWAGY)
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