DGAP-Adhoc: Porsche Automobil Holding SE: Porsche SE purchases approximately 97 percent of the shares in PTV Planung Transport Verkehr AG

2017. június 07., szerda, 14:18





DGAP-Ad-hoc: Porsche Automobil Holding SE / Key word(s): Investment


Porsche Automobil Holding SE: Porsche SE purchases approximately 97 percent of the shares in PTV Planung Transport Verkehr AG


07-Jun-2017 / 14:18 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.



Porsche SE purchases approximately 97 percent of the shares in PTV Planung Transport Verkehr AG


Porsche Automobil Holding SE (Porsche SE), Stuttgart, through its wholly-owned subsidiary Porsche Zweite Beteiligung GmbH, Stuttgart, purchases approximately 97 percent of the shares in PTV Planung Transport Verkehr AG (PTV Group), Karlsruhe. The transaction is subject to, inter alia, the condition precedent of merger control clearances. PTV Group is a leading provider of software for transportation logistics as well as for traffic planning and traffic management. The aggregate investment amounts to more than Euro 300 million.

 

Porsche SE"s target of a positive net liquidity at the end of the fiscal year 2017 remains unchanged. Against the background of the acquisition of PTV Group, but without taking into account possible future investments, the net liquidity as of 31 December 2017 is expected to stand at between Euro 0.7 billion and Euro 1.2 billion. To date Porsche SE"s published net liquidity expectations as of 31 December 2017, without taking into account investments, amounted to a corridor between Euro 1.0 billion and Euro 1.5 billion.




Contact:

Frank Gaube

General Manager Investor Relations

+49-711-911-11046

frank.gaube@porsche-se.com








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Language: English
Company: Porsche Automobil Holding SE

Porscheplatz 1

70435 Stuttgart

Germany
Phone: +49 (0)711 911-11046
Fax: +49 (0)711 911-11819
E-mail: InvestorRelations@porsche-se.com
Internet: www.porsche-se.com
ISIN: DE000PAH0038
WKN: PAH003
Listed: Regulated Market in Berlin, Frankfurt (General Standard), Munich, Stuttgart; Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Tradegate Exchange





 
End of Announcement DGAP News Service




580869  07-Jun-2017 CET/CEST







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