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TRUCKMAKERS NEWS * WORLDWIDE
* Germany - Porsche controlling families to hold about 40 per cent in VW-Porsche; Qatar too
Wolfsburg,Germany —The Canadian Press, by George Frey & Juergen Voges -14 Aug 2009: -- The Porsche and Piech families, which control Porsche SE, will sell a 10 per cent stake of their shares to a Qatar investment fund, giving it a significant stake in a new joint Volkswagen-Porsche company... The deal, which is to be signed later Friday, will result in more than euro1 billion in fresh funds for Porsche SE, the company said in a statement. The Qatar company will also take over a portion of Porsche's VW options... Porsche will become the tenth brand at VW, joining the ranks of Audi, Bentley and Skoda. VW is also a major shareholder in two of the continent's biggest truck makers: Scania AB of Sweden and MAN SE of Germany...
Labels: truckmakers news worldwide
posted by Unknown @ 6:29 PM
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