As potential legal and tax liabilities have increased in the last few months, VW CEO Martin Winterkorn estimates that there is a 30% chance that there won’t be a Porsche-VW merger under the leadership of VW. This indicates that there is a probability that investors who are holding preferred shares in Porsche SE will not be able to swap their stock for equity in Volkswagen. In an interview with Automobilwoche, a sister publication of Automotive News Europe, Winterkorn said that its lawyers are closely examining the risks.
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