The saga between Volkswagen and Porsche SE kinship company is about to end. The acquisition of 49.9% of the capital of the manufacturer of sports cars from Volkswagen should be finalized with the signing of the deal. This, according to Reuters agency needs to happen next week, citing information from VW. The company did not specify the exact day and time. The manufacturer of cars people buy shares of the company Porsche AG, which belongs to the holding of Porsche The car Holding SE, which is controlled by the families Porsche and I drank. VW will pay 3,9 billion euros for 49.9 percent of shares Porsche AG. Now Volkswagen is one of the most successful owners of well-marketed brands of cars with a Porsche will make a decisive step towards the top, “said Chairman of the Board of Directors of Martin Vinterkorn VW. The new group will own the rights to 10 brands, among them also VW and Porsche, are world famous Audi, Bentley, Bugatti, Skoda, Seat and Lamborghini. Although not a majority shareholder, VW will expand its supplies Porsche. Currently hull of Panamera and Cayenne models are produced by Volkswagen. For years the situation has undergone radical reversal. A year and a half Porsche sought to obtain full control over Volkswagen, to have unrestricted access to key components and technologies of models for which VW is copyrighted and patent rights. Ultimately, Porsche managed to get just under half the shares in Volkswagen.
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The deal for selling of the Swedish car manufacturer Volvo, which is owned by Ford, the Chinese firm Geely for $ 2 billion may fail, warns agency Bloomberg, citing its own sources, without revealing their names. Geely is negotiating the purchase of Volvo by Ford for about 10 months. On another round of talks, which are currently kept in London, both sides try to reach agreement on patent rights. U.S. company wants to obtain from Geely guarantee that it will use the development of Volvo, which Ford intends to use in their future models. «Volvo is a fully integrated strategy for development of Ford’s total production and it is important to negotiate a development will remain where designers of the Swedish brand,” Bloomberg quotes a participant in the negotiations. According to consulting firm CSM Worldwide, which is one of intermediaries to deal with the Chinese if the negotiations fail, Ford will retain control over the Volvo and will not seek a new buyer will even take steps to improve the condition of its subsidiary. The negotiations were complicated because of the arrest last week for theft of technical documentation from the U.S. manufacturer of Chinese citizen Syan Dong Yu He spent 10 years as an engineer at Ford.
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The Board of Directors of Solvay decided to sell its pharmaceutical sector and signed a contract for sale with Abbott. This decision is the result of thorough strategic analysis of the future of pharmaceutical activities, which were made in recent months. We explained the rationale for this analysis earlier this year, and now we want to get back on some key elements. More than 30 years, Solvay has decided to diversify its activities through pharmaceuticals. This decision was not accidental, but well-considered strategic initiative in response to the changing business environment. This strategy paid. The pharmaceutical sector has contributed significantly to the sustainable and beneficial growth of the group Solvay. Today again we face a rapidly changing environment, as in the pharmaceutical industry and in chemical and plastic industries. The current economic situation further accelerate the need for further change. We, the management team, we consider our duty to assess the impact of these factors on our business and our ability to cope with them by sending the recommendation to the Board. As we explained in April, I had to do an analysis of future development of the pharmaceutical sector. We had a clear understanding that the final decision after this analysis will be one of the most important in the last 30 years for group Solvay. Therefore, the analysis was extremely thorough, as is assessing which option would provide the best prospects for the Group and all its subsidiaries. Resist pressure to take quick decision and spent his time it was considered necessary.
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Technological giant IBM has decided to acquire the maker of SPSS statistical software for the amount of 1.2 mrld. dollars, the amount will be a cash transaction Bloomberg.In this way forward to assess the shares for $ 50 kompainyata number. The acquisition will allow IBM to expand its portfolio of business analytic software. The company’s products are used in wide areas prediction and statistics, the two companies in developing their partner different application software for several years now. The SPSS shares yesterday closed at a price of 35.09 dollars in cash.
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The largest site for online sales Amazon.com buy similar Portal – Zappos.com, which is specialized in selling shoes, transmit Reuters. The price of the transaction is 927.9 million dollars. The internet merchant Zappos.com is popular in the U.S. with a high level of service, free delivery and ability to back consumer goods purchased. For the past year the company made a revenue of around 1 billion dollars and operating profit of 40 million dollars. The U.S. analysts comment that the step was taken after the failed launch of its own site Amazon.com for the sale of shoes – Endless.com, which was presented in 2007. The deal for Zappos.com continue to amaze all the analyzers, who claim the internet market is getting some decrease in financial crisis.
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The Supervisory Board of the German car-building giant Volkswagen agreed to create a new global automotive force a two-step acquisition of the legendary company Porsche sports vehicles for 8 billion. It is recalled that the two countries reached agreement this step at the beginning of the week. Volkswagen initially expected to take 49.9 percent of the Porsche, and later to acquire and share the rest. Under the agreement announced CEO of Volkswagen Martin Winterkorn said that the road is now open for the creation of a united group, Volkswagen Portia “while preserving the independence of the disputed mark. The new company will be “great power” in the car-building business world notes Vinterkorn cited by DPA, which refer BNR.
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The family of Porsche that owns the company has negotiated with relatives of the family Piyh who possess Volkswagen, to sell 49.9 percent of its share of 8 billion euros. The owners of the company Porsche SE have agreed last Thursday, July 16 to sign the contract for the sale of sports cars for $ 11.28 billion, writes in his new number of the German magazine Der Spiegel, quoted by Reuters. In preliminary information only signing is scheduled for July 23, when under the hat of Volkswagen will have 10 brand. Agency Reuters states that the deal will help the company to Porsche SE settled a large part of its obligations to unofficial data amounted to 10 billion euros. According to the magazine Der Spiegel of a Director General and the holding of a public company and Porsche will be built Maht Michael, director of existing manufacturing issues. He should change Vendelin Videking which is among the most expensive paid managers and was employed by the manufacturer of luxury cars, two years before, to save the company. He however could not find in Arab investments from Abu Dhabi and Qatar. According to German magazine Videking will receive compensation amounting to 100 million euros. However, he refuted by allegedly agency DPA that the left post.
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