Porsche Reveals Plan To Boost Capital By About 4.89 Bln Euros

German sports carmaker Porsche Automobil Holding SE, which is planing to merge with rival Volkswagen AG, announced Sunday plans to increase its share capital by up to 131.25 million euros through the issuance of new ordinary shares and new preferred shares. The company fixed the subscription price for new ordinary and new preferred shares at 38.00 euros per share or $53.54 per share, and the subscription ratio for ordinary as well as preferred shares

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