Volkswagen takes 49.9% stake in Porsche
Volkswagen has today taken a 49.9 percent stake in Porsche. The move completes the next important step on the way towards a fully integrated automotive partnership.
The price paid for the stake was €3.9 billion (AUD$6.33 billion) and is based on the enterprise value for Porsche calculated under a careful due diligence and valuation procedure.
Following the [...]
Original article from: Australian Car Advice – Australia’s largest independent Auto site.
Volkswagen takes 49.9% stake in Porsche
Wall Street is always blamed for not investigating all the risks of the products they sell, that there is no clarity or transparency around these products and there is NOT enough due diligence.
That is exactly what Mayor Bloomberg and the commission board is guilty of: lack of transparency, weak due diligence, and limited assessment of risk to New Yorkers and America.
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