Porsche Automobil Holding SE / Miscellaneous
06.05.2009
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Creation of an integrated car manufacturing group intended
Stuttgart. The members of the management boards of both Volkswagen AG and
Porsche Automobil Holding SE have been in intensive talks about
the deepening of the cooperation over the past weeks. The family
shareholders of Porsche Automobil Holding SE, Stuttgart, have discussed the
proposals resulting therefrom, with the inclusion of capital measures, this
Wednesday and argued for the creation of an integrated car manufacturing
group. In the final structure ten brands shall stand below an integrative
leading company alongside each other, whereby the independence of all
brands and explicitly also of Porsche shall be ensured.
On this basis both companies Volkswagen and Porsche intensify the talks in
a joint working group with the relevant involvement of the State of Lower
Saxony as largest co-shareholder as well as the employee representatives of
both companies. It is the aim to develop a corresponding basis for
decision-making on the future structure of the common group within the next
four weeks.
K-GO
DGAP 06.05.2009
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Language: English
Issuer: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
Deutschland
Phone: +49 (0)711 911-11000
Fax: +49 (0)711 911-26375
E-mail: info@porsche.de
Internet: www.porsche-se.com
ISIN: DE000PAH0038
WKN: PAH003
Listed: Regulierter Markt in Berlin, Frankfurt (General Standard),
München, Stuttgart; Freiverkehr in Hannover, Hamburg,
Düsseldorf; Terminbörse EUREX
End of News DGAP News-Service
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DGAP-News: Porsche Automobil Holding SE: Family shareholders are in agreement
| Source: EQS Group AG