Hengeler Mueller advises Porsche on Integration into VW Group
06. July 2012
The relevant governing bodies of Porsche Automobil Holding SE and Volkswagen AG approved the accelerated creation of an integrated automotive group consisting of Porsche and Volkswagen on 4 July 2012. Under the structure Porsche Automobil Holding SE will contribute its operations as a holding company, including its 50.1% Porsche stake, for a consideration totalling EUR 4.46 bn plus one ordinary share of Volkswagen in return. The move will allow the integrated automotive group to become reality two years earlier. The transaction will take effect as of 1 August 2012. The consummation of the transaction will make Volkswagen AG sole owner of Porsche’s business operations.
Hengeler Mueller is advising Porsche Automobil Holding SE. The Hengeler Mueller team is being led by partners Andreas Austmann, Gerd Sassenrath, Carsten Schapmann and Alexander Nolte as well as associates Heiko Gotsche and Philipp Dornbach (all Corporate/M&A, Düsseldorf).