Porsche accused of fraudulent shares of Volkswagen
Stuttgart prosecutor’s office held at the headquarters of the company Porsche searched and seized several financial documents. This was done in connection with the statement the German Federal Agency for Financial Activities Control (BaFin), accusing the manufacturer of sports in the stock manipulation in shares of the group Volkswagen. That was reported by Reuters.
At this point do not know for what period of time, an investigation of exchange transactions, and investigates whether the activity of the company as a whole or individual employee. Porsche representatives said the agency Reuters, that automakers do not break the rules or the filing of financial statements, and not cheat with the shares of Volkswagen.
Company Porsche now owns 51 percent of the shares of the group Volkswagen. In the near future, 17 per cent of ordinary shares and 50 per cent preferred securities manufacturer “people’s car” will be sold to investors from Qatar. As reported earlier, the Arabic investfond Qatar Holding LLC acquires these shares at a price two times lower than the market, paying a total (including 10 per cent stake of Porsche) seven billion euros. Data on increased share in katartsami “Volkswagen has led to a sharp decline in the value of shares of the company – up to 137 euros per share, which is the lowest rate over the past two years.
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