°µÍø½ûÇø

°µÍø½ûÇø: Advanced discussions regarding acquisition of 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. °µÍø½ûÇø AG in connection with possible IPO

°µÍø½ûÇø / Key word(s): Miscellaneous/IPO
°µÍø½ûÇø: Advanced discussions regarding acquisition of 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. °µÍø½ûÇø AG in connection with possible IPO

03-Sep-2022 / 10:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


°µÍø½ûÇø Automobil Holding SE (“°µÍø½ûÇø SE“) is currently in advanced discussions with VOLKSWAGEN AKTIENGESELLSCHAFT (“VW AG“) regarding the conclusion of a share purchase agreement for 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. °µÍø½ûÇø AG (“°µÍø½ûÇø AG“) as well as related further agreements in connection with a possible IPO of °µÍø½ûÇø AG. The executive board of °µÍø½ûÇø SE, in unison with VW AG, has therefore resolved today, with the approval of the competent committee of the supervisory board, to convene further board meetings (executive board and supervisory board) for September 5, 2022 in order to resolve on the next steps with regard to the possible acquisition of these shares in °µÍø½ûÇø AG by °µÍø½ûÇø SE and the related IPO of °µÍø½ûÇø AG.

If the boards of both companies reach an understanding to further pursue the transaction (acquisition of 25% plus one share of the ordinary shares and IPO), the execution of the agreements and thus the implementation of the IPO of °µÍø½ûÇø AG would be subject to general market developments, further assessments and board resolutions.


Contact:
Frank Gaube
General Manager Investor Relations
+49-711-911-11046
frank.gaube@porsche-se.com


03-Sep-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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