Porsche Automobil Holding SE ("Porsche SE") is a listed holding company. The holding was founded in 2007. In particular, it holds the majority of the ordinary shares in the Volkswagen Group, one of the world's leading automobile manufacturers. The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.
In addition to this anchor shareholding, Porsche SE intends to make further strategic investments along the automotive value chain. This comprises the entire spectrum of basic technologies geared to supporting the development and production process through to vehicle- and mobility-related services. The first step towards building an investment portfolio was made when Porsche SE acquired an about 10 percent stake in the US-technology company INRIX Inc., Kirkland, Washington. INRIX is a world leader in the field of connected-car services and real-time traffic information.
Porsche Automobil Holding SE
The Porsche's Extraordinary General Meeting on June 26, 2007 was the starting point for the Porsche Automobil Holding SE. Shareholders of the Dr. Ing. h.c. F. Porsche AG voted unanimously in favor of the operating activities of Porsche AG becoming the responsibility of a hundredpercent subsidiary in accordance with the provisions of the Transformation Act, of adopting a controlling and profit transfer agreement between the holding company and the operating subsidiary, and also of transforming the holding company into a European Company, a so-called Societas Europaea (SE). The name 'Porsche Automobil Holding' was also unanimously approved. The company's headquarters is in Stuttgart.
The decision to transform the company into an SE follows on from the fact that this is a modern form of company with an international focus, which will provide the prerequisites for the ongoing development of the Porsche SE Group.
The SE was inscribed in the trade register on November 13, 2007. This required a draft final balance report from Dr. Ing. h.c. F. Porsche AG for July 31, 2007, which was finalized by the Supervisory Board the day before the registration. From a legal point of view, Porsche Automobil Holding SE and the former Dr. Ing. h.c. F. Porsche AG are one and the same legal entity. This means the change in corporate form to become an SE entailed no transfer of assets and liabilities. Nevertheless, the company received a new registration number with the Stuttgart District Court when it became a SE. All shareholders of the former Dr. Ing. h.c. F. Porsche AG became shareholders in Porsche Automobil Holding SE after the change in corporate form.
On 25 January 2008 the ordinary shareholders' meeting of Porsche SE approved to conduct a stock split at a ratio of 1:10. The company's stock exchange listing was reorganized on 3 March 2008. For each previous share certificate ten share certificates were registered.