Posted Sep 29, 2022, 7:45 AMUpdated on Sep 29, 2022 at 12:53 PM
The most successful operations are also sometimes entitled to their share of history. On Thursday, on the sidelines of Porsche’s comeback on the financial markets – undoubtedly one of the most important European IPOs of the 21st century – another comeback is being played out, more confidential but no less symbolic: Porsche SE, the holding family, returns to the capital of the mythical manufacturer.
Almost 114 of the 911 million shares issued, i.e. 12.5% of the capital and 25% plus one vote of the voting rights… For ten billion euros, the Porsche heirs arrogate both a blocking minority and a substantial part of the jewel of Volkswagen, which should be valued between 70 and 75 billion at the end of the quotation. They also find a part of their DNA, ten years after being ejected from the capital by Ferdinand Piëch, the… grandson of Ferdinand Porsche, founder of the brand.
