Porsche Automobil Holding SE / Key word(s): Investment
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.
General Manager Investor Relations
|Company:||Porsche Automobil Holding SE|
|Phone:||+49 (0)711 911-11046|
|Fax:||+49 (0)711 911-11819|
|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|