Who makes Porsche
Porsche Automobil Holding SE
The Extraordinary General Meeting on June 26, 2007 in Stuttgart can be seen as the starting signal for Porsche Automobil Holding SE. The shareholders of Dr. Ing.h.c. F. Porsche AG voted unanimously in favor of outsourcing the company's operational business into a wholly-owned subsidiary in accordance with the provisions of the Transformation Act, concluding a domination and profit and loss transfer agreement between the holding company and the operational subsidiary and the holding company in a European stock corporation, a societas Europaea (SE) to convert. The name "Porsche Automobil Holding" was also decided unanimously. The company is based in Stuttgart.
The decision to convert into an SE was made against the background that this is a modern and internationally oriented company form that creates the conditions for continuous further development of the Porsche SE group.
The SE was entered in the commercial register on November 13, 2007. The prerequisite for this was the submission of the final balance sheet from Dr. Ing.h.c. F. Porsche AG as of July 31, 2007, which was determined by the Supervisory Board on the day before the entry. From a legal perspective, Porsche Automobil Holding SE and the former Dr. Ing.h.c. F. Porsche AG one and the same legal entity. This means that the change in legal form to a European stock corporation did not result in any transfer of assets and liabilities. Nevertheless, the company received a new registration number at the Stuttgart District Court. All shareholders of the former Dr. Ing.h.c. F. Porsche AG became shareholders of Porsche Automobil Holding SE through the change of legal form.
The ordinary general meeting of Porsche SE decided on January 25, 2008 to carry out a share split at a ratio of 1:10. The company's stock exchange listing was changed accordingly on March 3, 2008. Ten new shares were booked for each previous share.
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