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The Porsches, a saga at the heart of the German car

2022-09-28T16:54:08.322Z

STORY – On the occasion of the IPO of the sports car manufacturer, the family again becomes a key shareholder.



“Everything has to change so that nothing changes.”

Like the verdict of the patriarch in the novel

Le Guépard

, the Piëch-Porsche family took advantage of a change of era to consolidate their power.

“Gigantic volumes”, “Historic operation”: the titles of the German press underline the event which constitutes the IPO of Porsche this Thursday on the Frankfurt square.

This is the largest in the country's stock market history since Deutsche Telekom in 1996. The manufacturer, one of the most profitable in the world, would be valued around 75 billion euros.

The operation also brings to the fore the Piëch-Porsche dynasty, which played a key role in the history of German industry.

Legendary model

Announced on the day of the invasion of Ukraine, the introduction materializes seven months later.

The time, to tie up the agreement, to observe the impact of the war on the financial markets and to negotiate an agreement supposed to harm no one.

At the end of the negotiations sheltered from…

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Source: lefigaro

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