Porsche bought by Volkswagen

Volkswagen Group, which currently holds 50.1% stake in Porsche, will buy the wholepackage for $ 3.9 billion. When in 2009 the company producing sports car attempted a hostile takeover of Volkswagen, and then came rumors of the merger of the two, we are dealing finally with a happy ending. If Volkswagen AG will complete the purchase of the Porsche until 2014, it will be exempt from payment of fees in excess of one billion euros, according to Der Spiegel. Volkswagen leaders have already prepared a series of measures for Porsche, to remain independent in the new group, to avoid any problems with Porsche unions. “For now, all parties wishing to form an integrated car group for economic reasons.” said Christine Ritz, a spokesman for Volkswagen.


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