Volkswagen Ag and Porsche Automobil Holding Se (Porsche Se) have joined to create a large car group that will be effective as of August 1, 2012.
This fusion will allow the Union to be effective within a period of time shorter than the sale of the sale or purchase options, which the two companies signed in August 2009. Porsche will be received around 4.46 billion euros and an ordinary action of Volkswagen, as a counterpart of contributing 50.1 percent of Porsche AG. "Porsche will now become an integral part of the Volkswagen Group. That is good for Volkswagen, well for Porsche and good for Germany as an industrial location. The combination of their operational business will make Volkswagen and Porsche High margin premium through investments directed in pioneering products and technologies.
