DGAP-Adhoc: Porsche Automobil Holding SE: Supervisory Board gives Go-ahead for Majority Stake in VW

Porsche Automobil Holding SE / Acquisition

03.03.2008 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Stuttgart. The Supervisory Board of Porsche Automobil Holding SE,
Stuttgart, has given the go-ahead for an increase of the stake in
Volkswagen AG to more than 50 per cent. At its extraordinary meeting held
on Monday, the supervisory body authorized the Managing Board to initiate
all steps needed under regulatory and antitrust laws throughout the world.
The reviews by the regulatory authorities are expected to take several
months. As soon as the requisite clearances have been obtained, Porsche SE
can acquire the majority of the shares in Volkswagen. Dr. Wendelin
Wiedeking, Chief Executive Officer of Porsche SE, said: 'Our aim is to
create one of the strongest and most innovative automobile alliances in the
world, which is able to measure up to the increased international
competition.' It is not planned to merge the two companies.
DGAP 03.03.2008 
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Language:     English
Issuer:       Porsche Automobil Holding SE
              Porscheplatz 1
              70435 Stuttgart
              Deutschland
Phone:        +49 (0)711 911-11000
Fax:          +49 (0)711 911-26375
E-mail:       info@porsche.de
Internet:     www.porsche-se.com
ISIN:         DE0006937733
WKN:          693773
Listed:       Regulierter Markt in Berlin, Frankfurt (General Standard),
              München, Stuttgart; Freiverkehr in Hannover, Hamburg,
              Düsseldorf; Terminbörse EUREX
End of News                                     DGAP News-Service
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