Volkswagen and Porsche
In total, Volkswagen will pay out 9.55 billion euros to shareholders.
(Photo: dpa)
Following Porsche’s successful IPO, Volkswagen shareholders can expect a special dividend of EUR 19.06 per share. This emerges from the invitation to the extraordinary general meeting that Volkswagen invited to in Berlin on Friday, December 16th.
The Wolfsburg-based carmaker had promised to distribute 49 percent of the proceeds from the IPO and the sale of a quarter of Porsche’s ordinary shares to the family holding company Porsche SE in favor of its own shareholders. In total, Volkswagen is paying out 9.55 billion euros.
The special dividend is due – if the shareholders approve it – on January 9, 2023. The payment is the prerequisite for Porsche SE to acquire the second tranche of 7.5 percent of the ordinary shares in Porsche AG. As a major shareholder of VW, the family holding company alone is entitled to a good three billion euros as a special dividend.
More: Porsche succeeds in catching up in the third quarter – sales turn positive
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