{"id":70799,"date":"2009-12-08T09:32:00","date_gmt":"2009-12-08T14:32:00","guid":{"rendered":"http:\/\/www.autoblog.com\/2009\/12\/08\/volkswagen-takes-49-9-percent-stake-in-porsche-ag\/"},"modified":"2009-12-08T09:32:00","modified_gmt":"2009-12-08T14:32:00","slug":"volkswagen-takes-49-9-percent-stake-in-porsche-ag","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/70799","title":{"rendered":"Volkswagen takes 49.9 percent stake in Porsche AG"},"content":{"rendered":"

Filed under: Porsche<\/a>, Volkswagen<\/a><\/p>\n

\"\"Cue Ennio Morricone and the symphonic accompaniment to the endgame: VW has officially taken a 49.9% stake in Porsche<\/a>. VW<\/a> paid €3.9 billion ($5.75B U.S.) for its cut, “based on the enterprise value for Porsche<\/a> AG calculated under a careful due diligence and valuation procedure.” That’s a few shades more than the €3.3 billion amount VW was saying it would pay a few months ago.<\/p>\n

In acquiring Porsche, VW not only gains a premium brand that is still among the most profitable in the business, but VW expects its operating profit to jump by €700 million ($1.03B U.S.) over time due to cost-saving synergies. The purchase won’t be finalized until 2011, though, when VW will incorporate Porsche Holding Salzburg, Europe’s largest car dealer which also happens to be owned by Porsche.<\/p>\n

You can read VW’s press release – which has an air of something from Napoleon’s PR department after the Battle of Austerlitz – after the jump. <\/p>\n

[Source: Volkswagen]<\/p>\n

Continue reading Volkswagen takes 49.9 percent stake in Porsche AG<\/em><\/a><\/p>\n

Volkswagen takes 49.9 percent stake in Porsche AG<\/a> originally appeared on Autoblog<\/a> on Tue, 08 Dec 2009 09:32:00 EST. Please see our terms for use of feeds<\/a>.<\/p>\n

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Permalink<\/a> | Email this<\/a> | Comments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Filed under: Porsche, Volkswagen Cue Ennio Morricone and the symphonic accompaniment to the endgame: VW has officially taken a 49.9% stake in Porsche. VW paid €3.9 billion ($5.75B U.S.) for its cut, “based on the enterprise value for Porsche AG calculated under a careful due diligence and valuation procedure.” That’s a few shades more than […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-70799","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/70799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=70799"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/70799\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=70799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=70799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=70799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}