to help raise funds for investment in the key areas of electric vehicles, self-driving technology, and software development.
The deal would see shares in Porsche AG divided into 50% ordinary shares and 50% preference shares. Ordinary shares typically come with more voting rights than preference shares. Just 25% of the preference shares would be available via the IPO, while Porsche SE would acquire 25% plus one share of the ordinary shares, giving it a 12.5% stake in the sports car business at the conclusion.
“With the stake in Porsche AG, Porsche SE would acquire a second core investment and thereby pushing forward our investment strategy,” he said.
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