Porsche has decided to increase capital to 5 billion euros

Holding

Guide Porsche Automobil Holding SE, the parent company automakers Porsche, decided to increase the capital of the company at 5 billion euros. The Supervisory Board of Porsche Automobil Holding SE, at its extraordinary meeting on July 22 adopted a proposal by management to increase capital by at least 5 billion euro, - stated in a press release, Porsche, published last night.

The report notes that this measure will help lay the foundation for building an integrated automotive group based Porsche SE and Volkswagen AG. No detail has been indicated.

Recall that last week the entire German business community lived discussion of the upcoming merger of Porsche and Volkswagen. Recent German media, Volkswagen may pay 49% of the shares of Porsche 4 billion euro, and later to redeem the remaining shares. At the same time, Porsche is considering selling part of its shares in the public investment fund of Qatar. In doing so, Porsche could also Qatar to assign options to purchase 20% stake in Volkswagen, which have been accumulated in recent years.

Porsche SE in 2005, hatched ambitious plans to absorb its much larger rival Volkswagen - the largest sales avtokontserna Europe. Over the years, Porsche took possession of 51% of the shares and the accumulated avtokontserna options for another 20%. However, in an unsuccessful acquisitions Porsche won debt-for 9 billion euros and had to urgently seek outside investors. Ambitious attempt to absorb the business Porsche Volkswagen turned to the fact that Volkswagen is in fact put forward an ultimatum to merge with the Porsche. Under the plans, Volkswagen, Porsche brand to be in line of its brands, along with Audi and Skoda.