According to Bloomeberg recent report, Volkswagen is gearing up towards full ownership of Porsche but not until 2014. The deal is said to be worth almost 4 Billion Euros, assuming that Volkswagen doesn’t complete the transaction until the above specified period to avoid heavy taxes due to special provisions that were put in place. Should Volkswagen decide to exercise its takeover rights once the current restriction are lifted from as early as Nov 2012 the company would be exposed to almost 1 Billion Euros in taxes that will eventually be reduced to nothing by 2014.To keep Porsche at bay Volkswagen is likely to appoint separate entity to control the company once the takeover bid is complete. Where Porsche failed before Volkswagen seems to be in far more favourable position to actually see this through, but even that remains to be seen.
Source: Euro DB Automotive
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