porschese
The holding company Porsche Automobil Holding SE (PSE), which controls German automotive giant Volkswagen Group, has reduced its mountain of debt accumulated as a result of Porsche's initial public offering (IPO) by around €1 billion ($1.1 billion). Net debt for the company stood at €5.7 billion at the end of last year, down from €6.7 billion at the end of 2022, the Stuttgart-based company announced on Thursday. In the long term, the company plans to repay an annual amount in the mid three-digit million euro range. At the end of 2021, PSE still had €641 million in net liquidity. The Porsche–Pi...
DPA International
The holding company Porsche Automobil Holding SE (PSE), which controls German automotive giant Volkswagen Group, has reduced its mountain of debt accumulated as a result of Porsche's initial public offering (IPO) by around €1 billion ($1.1 billion). Net debt for the company stood at €5.7 billion at the end of last year, down from €6.7 billion at the end of 2022, the Stuttgart-based company announced on Thursday. In the long term, the company plans to repay an annual amount in the mid three-digit million euro range. At the end of 2021, PSE still had €641 million in net liquidity. The Porsche–Pi...
DPA
The holding company Porsche Automobil Holding SE (PSE), which controls German automotive giant Volkswagen Group, has reduced its mountain of debt accumulated as a result of Porsche's initial public offering (IPO) by around €1 billion ($1.1 billion). Net debt for the company stood at €5.7 billion at the end of last year, down from €6.7 billion at the end of 2022, the Stuttgart-based company announced on Thursday. In the long term, the company plans to repay an annual amount in the mid three-digit million euro range. At the end of 2021, PSE still had €641 million in net liquidity. The Porsche–Pi...
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