Porsche CEO: "We’re All Set To Take Over VW"
“I believe they will write it off. And if they do, we will look at what makes sense,” Wiedeking told Sunday Times. “We already have a lot of options to purchase shares at less than their current price. We are prepared.”
Porsche's intentions became more than clear when in March, 2007, the company acquired a 31% stake in Volkswagen, the world’s fourth-largest carmaker. And the outcome was more than positive as Wiedeking smugly pointed out in his interview to the Sunday Times: “We paid €5 billion for 31% of Volkswagen and now that stake is worth €16-€17 billion. Not a bad investment, eh?”. You're damn right...
Via: Sunday Times
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