Volkswagen to buy a Porsche for U.S.$ 11.28 billion

Porsche shareholders on Thursday to take the proposal to purchase Volkswagen sports division of his concern for the approximately 8 billion euros ($ 11.28 billion). On this Saturday, writes in Der Spiegel.

Leading German weekly wrote that the clans and the Porsche P'eha (Piech), which belongs to the Group Porsche, approved a two-stage takeover of the Supervisory Board on 23 July.

Volkswagen buys 49.9% in the Porsche, and later - the rest of shares. As a result of the transaction in the globalmarket will be automotive group, which manufactures 10 models of cars.

Sale Porsche will allow the family to settle virtually all debts. According to two sources, Reuters, the total amount of debt the family is more than 10 billion euros.

Der Spiegel also reported that the head of Porsche Vindeling Videking is negotiating about the payment of severance benefits, which could amount to more than 100 million euros. At the same time, production director Michael Maht (Michael Macht) would replace him as head of the company, writes the edition.

Videking previously denied speculation that he will leave the company.

Asked whether the two families reached a decision on the supervisory board on 23 July, the representative of Porsche Anton Hanger said: «we are not informed about it», adding that the message is Der Spiegel - it is speculation that the company does not comment.

At the same time another German magazine Focus reported that the influential chairman of Volkswagen, and Porsche owner Ferdinand P'eha Videkinga plans to withdraw from positions in the organizational committee on Thursday at a meeting of the Supervisory Board.

vacancy may become a new opportunity for the cousin and rival P'eha Wolfgang Porsche, a member of the Supervisory Board and chairman of Porsche in the committee as a representative of his family.

grandfather, Wolfgang Porsche and Ferdinand P'eha was Ferndinand Porsche, designer and founder of Model Beetle Volkswagen.

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