Germany: Porsche SE to start €5bn share sale 30 March

Porsche SE has confirmed that it is to commence a €5bn (US$7bn) share sale on 30 March 2011 in order to reduce debt to around €1.5bn. The company's supervisory and executive boards agreed to sell shares at €38 each to current owners. One existing share carries the right to subscribe to Subscribe to Automotive World … Continued

• By Webmaster
• March 28, 2011