The premium brand was fully sold for 237 million euros.
1964 Volkswagen already owns part of Audi. After acquiring the premium brand from her then owner of the German company Daimler-Benz, VW Group started with 50% of the shares of the company. This is the main control, the share of which increased to 99.64 percent this year.
However, as the foreign edition of Automotive News, Volkswagen will buy the rest of 0.36% of the shares in Audi. This gives VW Group full control over the automaker’s luxury, but it certainly will have its price.
“Volkswagen AG has announced and said that I made cash payments to minority shareholders in exchange for the transfer of their shares to the group in the amount of 1551,53 euros per share of Audi AG,” reads the official statement of VW.
According to the report, a staggering 48-percent bonus will be paid in the Volkswagen Group to minority shareholders. The current share price Audi AG is 1050 euros at the current exchange rate.
152 749 shares of Audi AG the whole buyout will cost the German automaker’s 237 million euros, which will lead to a full control premium Audi. The official transfer is expected in July or August of this year at the annual General meeting of Audi.