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By Michael Kröger and Anne Seith The invitation to the Annual Meeting of Porsche, analysts aufhorchen: The Porsche family / Piëch will decide that the first voting shares to private investors can go. Will the clan suddenly the influence of outsiders on the company's strategy allow this?
Hamburg - On 26 January, the Annual General Meeting held, then at least in theory, the conditions will be that private investors voting shares can get. So far, these remain with the descendants of Porsche founder Ferdinand Porsche. Börsennotiert have so far only the preference shares of Autobauers.
REUTERS
successful model 911: "Finally, it is their own business" But the forthcoming decision should not mean that outsiders suddenly weighty influence on the company's strategy could get, it says at Porsche. "The point is simply on the agenda in order to satisfy legal requirements," said Porsche spokesman Anton Hunger to Newspaper ONLINE.
Nevertheless, the message on the capital market positively. Fabian Kania of Helaba Trust said, for the capital market would be the decision good news. "Investors want to enjoy an impact on its consolidated." What it means for Porsche, was not even foreseeable. "Ultimately, it depends on how many of the ordinary shares issued. If there are only a few percent, would be the influence of the family hardly affected."
Michael Punzet from Landesbank Rheinland-Pfalz, the analysts today in a conference of Porsche in Stuttgart part, doubts that the families of the theoretical possibility of a sale of common shares will make use of. "With the decision, which is actually applied, Porsche will only guarantee the flexibility. So we sold today," he said. Porsche plane may also be a barter transaction with a Altaktionär, something has what the group would have it - Punzet identifies a distribution company as an example. In return, it could be after the decision a small share of common stock. For this speaks the presumption clause of the decision that the pre-emptive rights for existing shareholders in a capital increase for ordinary shares to be excluded.
On the analysts conference was once again stressed that Porsche is not currently planning to increase the proportion to VW about the 30 percent threshold to reach. "I actually do not believe that Porsche will exceed this threshold," said Punzet them. "After all would again around 15 to 19 billion euros. This is quite a Porsche Batzen."
The Porsche board will be elected by the General Assembly the green light for a capital increase of 8.75 million common or preferred shares give. Alone with the issue of preference shares could enable the company nearly eight billion euros redeem. CEO Wendelin Wiedeking stressed, however, no concrete plans to have. with Reuters