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EnI · 09-26-2007, 10:55 AM

Mind we are talking about Porsche Automobile Holding SE here, not the Dr.ing.h.c. F. Porsche AG - the core Porsche company.

The Holding will be a parent company - owning 100% of PAG, and at least 31% of VAG (PAG shareholders will exchange their shares for PAH shares in 1:1 ratio).
The operative businesses (=PAG & VAG) will remain relatively independent. Relatively because VAG will definitely be influenced by PAG, while no influences in the opposite directions are expected.

So, PAH will be managed by PAG managers, while VAG managers will have no role in PAH management board.

09-26-2007, 10:55 AM	#3
EnI Aficionado Join Date: Sep 2005 Posts: 4,905 Thanks: 124 Thanked 1,737 Times in 840 Posts	Re: No Seat For VW On Porsche's Board! Mind we are talking about Porsche Automobile Holding SE here, not the Dr.ing.h.c. F. Porsche AG - the core Porsche company. The Holding will be a parent company - owning 100% of PAG, and at least 31% of VAG (PAG shareholders will exchange their shares for PAH shares in 1:1 ratio). The operative businesses (=PAG & VAG) will remain relatively independent. Relatively because VAG will definitely be influenced by PAG, while no influences in the opposite directions are expected. So, PAH will be managed by PAG managers, while VAG managers will have no role in PAH management board. Last edited by EnI; 09-26-2007 at 11:12 AM..