RickyWee 3rd Gear June 18, 2020 Share June 18, 2020 https://www.autonews.com/automakers-suppliers/vw-group-pay-267-million-audi-buyout Volkswagen Group will pay a 48 percent premium to buy out the minority shareholders of premium division Audi, Audi said on Tuesday. VW Group, which already holds 99.64 percent of Audi, announced the squeeze-out plans in February. "Volkswagen AG announced and specified that it has set the cash settlement to be paid to the minority shareholders in return for the transfer of their shares at 1,551.53 euros per Audi AG share," the automaker said. This compares with a share price of 1,050 euros a piece on Tuesday and amounts to a purchase price of 237 million euros ($267 million) for the 152,749 outstanding Audi shares, according to Refinitiv data. The transfer is expected to be passed at Audi's next annual general meeting, which the automaker said should take place in July or August. ↡ Advertisement 4 Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator June 18, 2020 Share June 18, 2020 4 hours ago, RickyWee said: https://www.autonews.com/automakers-suppliers/vw-group-pay-267-million-audi-buyout Volkswagen Group will pay a 48 percent premium to buy out the minority shareholders of premium division Audi, Audi said on Tuesday. VW Group, which already holds 99.64 percent of Audi, announced the squeeze-out plans in February. "Volkswagen AG announced and specified that it has set the cash settlement to be paid to the minority shareholders in return for the transfer of their shares at 1,551.53 euros per Audi AG share," the automaker said. This compares with a share price of 1,050 euros a piece on Tuesday and amounts to a purchase price of 237 million euros ($267 million) for the 152,749 outstanding Audi shares, according to Refinitiv data. The transfer is expected to be passed at Audi's next annual general meeting, which the automaker said should take place in July or August. Woah. like that no need AGM liao lor. Link to post Share on other sites More sharing options...
Kendra Clutched June 18, 2020 Share June 18, 2020 27 minutes ago, 910Leech said: I guess u cant believe everything on the news.. agree bruhh ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Volkswagen Tiguan 2024 (3rd Gen)
Volkswagen Tiguan 2024 (3rd Gen)
Xpeng is Coming to Town
Xpeng is Coming to Town
[Official] 2024 Audi Q6 e-tron
[Official] 2024 Audi Q6 e-tron
Volkswagen Sharan..
Volkswagen Sharan..
Audi A3 Sedan/Sportsback Owners - Check In
Audi A3 Sedan/Sportsback Owners - Check In
2011 VW New beetle
2011 VW New beetle
sgCarMart Reviews: Audi A6 Sedan Mild Hybrid 2.0 TFSI S tronic Design
sgCarMart Reviews: Audi A6 Sedan Mild Hybrid 2.0 TFSI S tronic Design
Discussion for 2020 Audi A5 Sportback
Discussion for 2020 Audi A5 Sportback