Volkswagen August 2014 completed the acquisition of Porsche

According to Reuters, Volkswagen CEO of Porsche AG CEO Martin Winterkorn has said it plans to accelerate the speed of the public acquisition of the Porsche business, is expected to complete the transaction in August 2014.VOLVO truck
June 25, the holding company of Porsche SE Annual General Meeting held Winterkorn, said: Whether the company or the tax department, long waits are inconsistent with the interests of the general public can quickly merge with Porsche, all all parties will benefit from and we hope to be completed as soon as possible to establish a unified automotive Group.Multi-Di@g Access J2534
Volkswagen has acquired a 49.9% stake in Porsche automotive business, the rest only to the huge amount of taxes to complete the transaction in order to avoid as much as 1.5 billion euros (about $ 1.9 billion) in August 2014, and this is the public's fastest completion of the acquisition time. However, the deal is the sooner, the Volkswagen and Porsche will be able to achieve more cost-sharing.
Volkswagen and Porsche is estimated that if two independent companies, the annual waste in the procurement and development will reach as much as 700 million euros.Hino-Bowie Hino