Volkswagen urges Porsche to accept the two companies form an alliance proposal
Source£ºU.S. Automotive News Author£º Date£º6,10,2012
German "Der Spiegel" magazine Der Spiegel reported on its Web site Saturday, Volkswagen and its significant shareholders, the state of Lower Saxony has urged Porsche to accept the plan of an alliance of two motor vehicle dealers, by the general public to take the helm.
The reported without citing sources, said Porsche Chief Executive Wendelin Wiedeking and chairman, Wolfgang Porsche are required to agree before the end of June, Volkswagen Porsche 30-40 billion euros (U.S. $ 42-56 billion U.S. dollars) 49% stake in the business.
According to the proposal, Qatar will buy Porsche Volkswagen stock options held by Volkswagen then will the Porsche sports car business and sector integration.
Volkswagen do not want the report to comment. The comment could not be reached to hold 51% stake in Volkswagen, Porsche, and Qatar.
Reported that Volkswagen has threatened that, if Porsche rejected the offer, which may lend Porsche € 700 million loan will adhere to recover in September.
Porsche said on Friday, close to an agreement reached with Qatar, or help to solve its financial problems.
"The negotiations have entered the final stage," a Porsche spokesman said, adding that Qatar has completed the due diligence (due diligence on), the conclusions reached after the due diligence is positive. "
The reported without citing sources, said Porsche Chief Executive Wendelin Wiedeking and chairman, Wolfgang Porsche are required to agree before the end of June, Volkswagen Porsche 30-40 billion euros (U.S. $ 42-56 billion U.S. dollars) 49% stake in the business.
According to the proposal, Qatar will buy Porsche Volkswagen stock options held by Volkswagen then will the Porsche sports car business and sector integration.
Volkswagen do not want the report to comment. The comment could not be reached to hold 51% stake in Volkswagen, Porsche, and Qatar.
Reported that Volkswagen has threatened that, if Porsche rejected the offer, which may lend Porsche € 700 million loan will adhere to recover in September.
Porsche said on Friday, close to an agreement reached with Qatar, or help to solve its financial problems.
"The negotiations have entered the final stage," a Porsche spokesman said, adding that Qatar has completed the due diligence (due diligence on), the conclusions reached after the due diligence is positive. "