At the end of last week Porsche held 42.6 percent of the VW ordinary shares and in addition 31.5 percent in settled options relating to VW ordinary shares to hedge against price risks, which is a total of 74.1 percent. Today Porsche announced that, if the economic framework conditions are suitable, aims to increase its share of VW to 75 percent in 2009. This will open the way for a domination agreement.
Porsche also stated today that its intention to increase its VW stake to above 50 percent in November/December 2008 remains unchanged.
