The Porsche and Piech families plan to be among the biggest shareholders of Porsche following any IPO.
to help raise funds for investment in the key areas of electric vehicles, self-driving technology, and software development.
The deal would see shares in Porsche AG divided into 50% ordinary shares and 50% preference shares. Ordinary shares typically come with more voting rights than preference shares. Just 25% of the preference shares would be available via the IPO, while Porsche SE would acquire 25% plus one share of the ordinary shares, giving it a 12.5% stake in the sports car business at the conclusion.
“With the stake in Porsche AG, Porsche SE would acquire a second core investment and thereby pushing forward our investment strategy,” he said.
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