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Volkswagen paid 9.5 billion euros after Porsche went public

Volkswagen paid 9.5 billion euros after Porsche went public

A rain of money for Volkswagen shareholders: At the beginning of January, the Wolfsburg-based car manufacturer distributed an additional 9.55 billion euros to its shareholders, mainly to the Porsche and Beech families. Volkswagen is proposing a special dividend of €19.06 per share, according to the call for its December 16 extraordinary general meeting in Berlin published on Friday.

As promised, the group is passing on 49 percent of the income from the successful initial public offering of sports car subsidiary Porsche AG. The family holding company Porsche SE, which is controlled by the grandchildren of the founder Ferdinand Porsche, can count on three billion euros, which it intends to invest immediately in additional common shares in Porsche AG.

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