Porsche Automobil Holding SE today set out the conditions for the capital increase against cash, resolved by the company’s general shareholders’ meeting on 30 November 2010, with intended gross proceeds of approximately EUR 5 bn. The new shares will be acquired by a bank syndicate and offered to shareholders for subscription.
This capital increase is a further step towards establishing the integrated automotive group between Volkswagen and Porsche, on which Hengeler Mueller has been advising Porsche Automobil Holding SE since mid-2009.
The Hengeler Mueller team is being led by partners Gerd Sassenrath, Carsten Schapmann and Reinhold Ernst (all Corporate/Equity Capital Markets, Düsseldorf) and also includes partners Andreas Austmann, Alexander Nolte (both Corporate, Düsseldorf), Ernst-Thomas Kraft (Tax, Frankfurt), Sven H. Schneider (Banking & Finance, Frankfurt), Wolfgang Kellenter (IP, Düsseldorf), Dirk Uwer (Regulatory, Düsseldorf), Christoph Stadler (Antitrust, Düsseldorf) and Christian Hoefs (Labour, Frankfurt), counsels Manuela Roeding (Litigation, Düsseldorf) and Mathias Link (Tax, Frankfurt) as well as the associates Christian Schwandtner, Philipp Dornbach, Heiko Gotsche, Daniela Klar, Gunnar Janson, Philipp Jansen, Thomas Rühle, Wolfram B. Joppich, Marnie Silny, Tobias de Raet, Nikita Tkatchenko, Patrick H. Wilkening, Daniel Zimmer, Gunnar L. Schmüser (Frankfurt), Enno Ahlenstiel and Peter Kuhn (all Düsseldorf).
