Germany Porsche automobile company announced 23, Chief Executive Officer, Mr. de gold has left, this means that Volkswagen and Porsche merger last obstacle has been cleared, the two companies will merge smoothly.
Wei Tak Kim has wielded Porsche 16 years, under the auspices of his Porsche since 2005, launched a hostile takeover of the public, and successfully held mass nearly 51% of the shares, but the financial crisis has acquired stake, Porsche takeover Volkswagen shares carry a 100 million euros of debt.
Since then, the cash flow sufficient mass start seeking reverse acquisition of Porsche, expressed readiness to 80 million euros in full acquisition of Porsche. But Volkswagen Chairman Pillet Fiona requests for this is the AU must resign in Weimar Germany, so that the resignation of Weimar Germany gold to Volkswagen, Porsche and paved the way for the merger.
Wei te payment turnover will be 50 million euros in compensation. Porsche production Director, 48-year-old Michael · Mach-will take over the position of the Weimar Germany gold.
Volkswagen CEO Martin · winter Cohen said mass and Porsche merger is a win-win deal that will enable both companies to benefit from the global market. Merger control in the public and the pier, and Porsche Porsche family will hold a new company nearly 51% of the shares of Germany, Lower Saxony State Government will hold 20% of the shares, the sovereign funds from Qatar will hold approximately 17% of the shares.
After the merger of two companies, "Porsche" will become a Volkswagen subsidiary of the 10th car brand. The other nine brands Audi, Bentley, Lamborghini, bugadi, Setra, Skoda, Volkswagen, Volkswagen commercial vehicles and Scania.
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