Announced

Porsche to acquire an additional 18.2% stake in MHP.

Synopsis

Porsche, a sports-car manufacturer, agreed to acquire an additional 18.2% stake in MHP, a digitalization company. Financial terms were not disclosed. “With Strategy 2030, we have set ourselves ambitious goals. In order to achieve these, the transfer of shares to Porsche is a necessary step. We are driven by the aspiration to make technology a tool for change towards a better tomorrow. We want to play an even bigger role – as a company and as part of society,” Ralf Hofmann, MHP CEO.

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