Volkswagen AG intends to carry out the transaction for the purchase of the famous producer of luxury sports cars, Porsche SE “as soon as possible”, writes in today’s issue, July 27, British newspaper Financial Times, referring to a source close to the management of the company. According to the newspaper Volkswagen needs additional funding amounting to about 4 billion euros (about $ 5.7 billion) to implement the deal. And for that now the direction of VW develop different for their involvement. According to the source of the Financial Times Board of Directors of VW wants to accomplish the transaction, such as disadvantaged payment possibility of the concern, and wishes to maintain “good credit rating. The newspaper recalled that the July 16 Porsche and VW 16 reached general agreement to create a model of integrated concern among relatives and Volkswagen as a first step to obtain 49.9 percent of the shares of Porsche.
The new concept provides Porsche-Volkswagen first to attract foreign investors, which may be as the state investment fund emirate of Qatar. Agency Bloomberg last week announced that the fund is ready to buy a share of 17% of the shares of Volkswagen AG. According to Financial Times investment company plans to become a shareholder in Porsche, having put $ 5 billion to increase the authorized capital. In turn, the supervision of Porsche unanimously adopted the extraordinary meeting of Qatar, which took place as soon as the offer of the state fund Qatar. Financial Times adds that the new concept of mega-concern entails collecting all known brands under one hat cars produced so far by both companies and give equally high positions in the integrated management of a concert of family on both families. It is expected that finding a compromise for the mega-concern of manufacturers and marks the two main cars will strengthen its financial position.

Tags: automobiles deal, automotive deal, business, business deal, posche, Volkswagen, VW

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