Family takes full control of Porsche holding company




The Porsche-Piech family has purchased a 10% stake in Porsche Automobil Holding SE from Qatar Holding LLC,

Bloomberg reported

. The family now has full control of the holding company, whose only asset is 50.7% of Volkswagen AG’s common shares, the report noted.

Porsche sold the rest of its automotive business to VW last year after unsuccessfully trying to take over the company, the Bloomberg article noted. (Source: Bloomberg, June 17, 2013.)

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