This article discusses Volkswagen Group’s controlling shareholder and automotive holding company. See Porsche AG for information on the car brand and manufacturer. See Porsche for further usage information (disambiguation).
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Company
The corporate headquarters of Porsche Automobil Holding SE (“Porsche SE”), a European Company (Societas Europaea), are located at Porscheplatz 1 in Stuttgart, Germany, in 70435
Porsche SE is a holding company that makes investments in the industrial and transportation technology sectors. In instance, it owns the vast majority of the common shares in Volkswagen AG, one of the top automakers worldwide. Volkswagen AG, the parent company of the Volkswagen Group, has direct and indirect holdings in numerous companies in Germany and abroad, including AUDI AG, SEAT S.A., SKODA AUTO a.s., Dr. Ing. h.c. F. Porsche AG (“Porsche AG”), TRATON SE (“TRATON”), Volkswagen Financial Services AG, and Volkswagen Bank GmbH. In addition to its ownership in Volkswagen, the Porsche SE Group also owns non-controlling stakes in seven technological firms with US, Israeli, and German headquarters. It also has a share in the PTV Group, which was completely consolidated until December 31, 2021.
Porsche SE’s investment strategy is to generate long-term value for its stockholders. This is based on both dividend payments and the growth in the value of the assets under management. Porsche SE’s investments can be divided into two groups. The long-term core investment in Volkswagen AG is included in the first category. Portfolio investments that Porsche SE typically holds for a brief amount of time make up the second group. Such investments typically stand out for their strong potential for growth and rising value over the course of the holding period. Both investment categories have a transportation and industrial technology industry focus.
ISIN
Porsche Automobil Holding SE is the sole largest shareholder of the Wolfsburg-based corporation, holding 53.3 percent of the company’s ordinary shares and 31.9 percent of its subscribed capital. Porsche SE sees itself as Volkswagen AG’s long-term anchor investment.
Ten companies, including Volkswagen, Volkswagen Commercial Vehicles, SKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche, and Ducati, are part of the Volkswagen Group, which is made up of five different European nations. The Volkswagen Group also provides a wide range of financial services, such as fleet management, leasing, banking, and insurance activities for both customers and dealers.
The wealthy Porsche and Piech family views its 53% ownership of Volkswagen as a key investment.
Despite market turbulence brought on by Russia’s war against Ukraine, VW intends to list the Porsche sports-car division.
After VW’s Porsche sports-car division is listed on the stock market, the wealthy Porsche and Piech families intend to maintain their controlling ownership of the Volkswagen Group.
Through their family investment company, Porsche Automobil Holding SE, the Porsche and Piech family owns a 53 percent stake in the Volkswagen Group.
According to Bloomberg Intelligence, Porsche SE intends to acquire a 25 percent blocking position in the anticipated Porsche IPO, which may fetch up to 90 billion euros ($99.1 billion).
According to Chief Financial Officer Johannes Lattwein on Tuesday, Porsche SE has a solid financial position and ample room to raise outside funding.
On a conference call with reporters, Lattwein stated that there are “no plans to lower the share in Volkswagen at this time.”
The IPO, the VW Group’s greatest strategic move in years, was being worked on by teams that were “very engaged,” he said.
Despite market instability brought on by Russia’s conflict against Ukraine, VW is still making plans to list the Porsche sports car division, one of VW’s major sources of profits.
The action is a part of VW’s aim to increase its market valuation and finance the largest transition in the industry to electric automobiles. It’s impossible to exclude out negative effects from the Ukrainian conflict on the IPO, according to Lattwein.
CEO Hans Dieter Poetsch, who is also the chairman of VW’s supervisory board, stated on the call that Porsche SE has “an great future ahead.”
“Cash flow is anticipated to increase even further, and the company can be expected to have both an attractive payout policy and an investment policy that is focused on the future.”
According to the agreement, the supply contracts between VW and Porsche would remain in effect, Poetsch added.
The Porsche and Piech families would be able to recover direct control over the sports car brand in what was formerly their family business under the present parameters of the IPO, which are still being negotiated.
The family would receive a 25 percent plus one share blocking minority holding under the proposed arrangement.
Lattwein said the Porsche and Piech families’ direct ownership of the brand would be financed in part by a special dividend VW had proposed.
Sources: Porsche and Piech dynasties are debating a direct interest in a potential Porsche IPO.
- Summary
- Companies
- Stakeholder setup is still the major obstacle to Porsche’s IPO.
- Porsche SE stock increases 1.9%, and VW preferred stock rises 1.8%.
By doing so, the families would relinquish control of Volkswagen, the largest automaker in Europe, in favor of direct ownership of the renowned sports car company that their ancestor Ferdinand Porsche founded in 1931.
Earlier this year, speculation on the unit’s listing included estimates of an independent Porsche AG worth ranging from 55 billion to 110 billion euros, as opposed to 135 billion for the Volkswagen group.
The people added that, although indicating that a potential Porsche AG IPO is not high on the agenda, Volkswagen is still considering listing options and that the major challenge is still the company’s intricate shareholder structure.
That arrangement was meticulously planned in the wake of Porsche’s aborted attempt to acquire Volkswagen in 2009, which led to Volkswagen gaining the well-known brand and the Porsche and Piech families emerging as VW’s most significant shareholders.
Volkswagen has not decided whether or not to list Porsche AG separately, and there is no assurance that such a move will take place, the sources claimed.
The families currently possess all of the common shares of Porsche Automobil Holding SE (PSHG p.DE), which controls 31.4% of Volkswagen’s equity and more than half of the voting rights.
Following the news, Volkswagen stock climbed as much as 1.8% to the top of Germany’s prestigious DAX index. The stock of Porsche SE rose as much as 1.9%.
The families might acquire direct ownership in the namesake company while excluding activist investors by selling some voting rights to co-shareholder Lower Saxony, which has a 20% voting position in Volkswagen.
“We believe this scenario would satisfy all parties,” they said, adding that while Lower Saxony would have a blocking minority and unions would be pleased with the infusion of cash, the families would reclaim some control over Porsche AG.
Herbert Diess, the chief executive of Volkswagen, said the company’s existing cash flow was sufficient to finance an ambitious turnaround to become the largest manufacturer of electric vehicles when asked about a potential listing earlier this month.
What businesses is Porsche SE a part of?
Porsche SE’s primary investment as of 2019 is a 31.3% share in Volkswagen AG, which owns entities like Volkswagen, Audi, SEAT, Skoda, Bentley, Bugatti, Lamborghini, Porsche AG, Ducati, VW Commercial Vehicles, Scania, MAN, and Volkswagen Financial Services. Dr
Who is the CEO of Porsche SE?
Porsche Holding SE, Volkswagen’s largest shareholder, saw its shares rise 3.23%, outperforming the DAX blue-chip index in Germany. Volkswagen announced on Sunday night that it would set the price range for preferred shares in Porsche AG’s initial public offering at 76.50 to 82.50 euros per share.
What is the holding corporation for Porsche?
Automobile Holdings Corporation Porsche SE sees itself as Volkswagen AG’s long-term anchor investment. Ten brands under the Volkswagen Group’s umbrella are from five different European nations: Audi, Lamborghini, Bentley, Porsche, SKODA, SEAT, CUPRA, and Ducati.
What is done by Porsche SE?
Diana Porsche, a dressage rider from Austria, is only 21 years old but already has a distinguished resume. At the age of 12, Diana obtained her first horse after developing a youthful passion of the equine world.
Is Porsche still owned by the Porsches?
The biggest auto distributor in Europe is Porsche Holding GmbH, often known as Porsche Holding Salzburg. The Porsche family and Porsche SE sold the business to Volkswagen AG, the company’s principal owner, in 2011.
Who is Porsche’s greatest shareholder?
German multinational firm Porsche Automobil Holding SE, commonly abbreviated as Porsche SE, is best known as the holding company for the Volkswagen Group.
What percentage of VW stock does Porsche own?
One of the largest European public offerings in recent memory will see Porsche’s shares go on the market on September 29. The offering could raise up to $9.4 billion and value the sports car manufacturer at up to $78 billion.
Does VW own Porsche entirely?
In addition to selling and maintaining customers’ racing vehicles, PMNA also constructs and rebuilds race engines for various Porsche vehicles. Though not the four-valve unit co-developed by Williams Advanced Engineering utilized in the wild DLS, it will soon start producing engines for Singer.
Who produces the Porsche engines?
Review of the 2015 Porsche 911 Carrera 4 GTS PDK But Porsche won’t employ any other VW Group engines save the V6 in the Cayenne. According to Macht, “engine development is a key value for Porsche.”
What percentage of VW is owned by the Porsche family?
VW owns Porsche, right? Yes, Porsche’s parent company is Volkswagen Group. In 2011, Volkswagen and Porsche amalgamated. The parent business of numerous other luxury automobile manufacturers, such as Audi, Bentley, Bugatti, and Lamborghini, is the Volkswagen Group.
Does Porsche utilize VW motors?
Porsche SE is a holding company that makes investments in the industrial and transportation technology sectors. In particular, it owns the vast majority of the common shares in Volkswagen AG, one of the world’s top automakers.
Why did Volkswagen decide to buy Porsche?
Through their family investment vehicle, Porsche Automobil Holding SE, the Porsche and Piech family owns a 53 percent stake in the Volkswagen Group.
Diana Porsche: Who is she?
Ferdinand Piech thought of VW-Porsche as the Porsche and Piech “family farm” till he passed away. Since 2009, the two families have owned the majority of the enormous Volkswagen Group, which includes 12 brands ranging from VW, Audi, and Bentley to Bugatti and Porsche.
Poahy, does he own VW?
Another justification for Porsche’s purchase of Volkswagen stock was now clear: Porsche believed it was getting a good bargain and that the company was inexpensive.