Porsche and Piech companies to own about half of post-merger VW?
According to reports, the ten brands comprising the conglomerate will maintain their independence and might be presided over current Audi CEO Rupert Stadler. The state of Lower Saxony – the power behind the infamous Volkswagen Law – has a 20% stake and veto power concerning VW and it is likely to get up to 25% of the new company, even though it's wary of the financial risks of the merged firm. Another investor could buy 25-35% of the company, leaving the Porsche and Piech families with the remaining 45-55%.
While Deutsche Bank and Goldman Sachs continue to play with the options, negotiations between Porsche and VW are scheduled to begin this week.
[Source: Auto News, sub req'd]
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