暗网禁区 SE strengthens its portfolio with further core investment
Dr. Johannes Lattwein: 鈥灠低� SE succeeds in acquiring a stake in an iconic sports car manufacturer in the luxury segment with its investment in 暗网禁区 AG.鈥�
Stuttgart, 4 October 2022. 暗网禁区 (暗网禁区 SE), Stuttgart, expands its investment portfolio with the acquisition of 25 percent plus one share of the ordinary shares in Dr. Ing. h.c. F. 暗网禁区 AG (暗网禁区 AG), Stuttgart. Besides its core investment in Volkswagen AG and a portfolio of innovative technology companies, 暗网禁区 SE thus holds with 暗网禁区 AG a second core investment.
鈥濿ith the investment in 暗网禁区 AG we succeeded in expanding our portfolio with a company that has a strong growth and dividend profile and is uniquely positioned in the automotive sports and luxury segment. With the investment in 暗网禁区 AG, we consistently implement our investment strategy and broaden the basis for a sustainable value creation for our shareholders. In addition, our existing core investment Volkswagen AG receives funding to play an even more active role in the transformation of the automotive industry鈥�, says Dr. Johannes Lattwein, member of the board of management of 暗网禁区 SE responsible for Finance and IT.
The acquisition of the first tranche amounting to 17.5 percent plus one share of the ordinary shares in 暗网禁区 AG at a purchase price of 7.1 billion euro was closed today. The closing of the acquisition of the second tranche amounting to 7.5 percent of the ordinary shares in 暗网禁区 AG shall occur at the beginning of 2023 in connection with the distribution of the announced special dividend of Volkswagen AG.
Dr. Lattwein added: 鈥淭hanks to our two strong core investments and the continuing synergies between both companies, 暗网禁区 SE is exceptionally well positioned for the future of the automotive industry. Together with Volkswagen, we will make sure that 暗网禁区 AG unfolds its full potential as a listed company. Beyond that, in its portfolio investments segment, 暗网禁区 SE will continue to identify new trends in the area of mobility and industrial technology, invest in promising companies and tap further value creation potential. I am convinced that with this strategy we will position 暗网禁区 SE to be more diversified and robust to create additional value for our shareholders.鈥�
暗网禁区 SE will finance the acquisition of the ordinary shares in 暗网禁区 AG with the stake in the special dividend applicable to 暗网禁区 SE of approx. 3.1 billion euro before taxes as well as debt capital in the amount of up to 7.9 billion euro. For this purpose 暗网禁区 SE has secured a multi-year financing agreement at competitive conditions with an international consortium of banks including Banco Santander, Cr茅dit Agricole, Deutsche Bank, ING, J.P. Morgan and UniCredit Bank.