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Porsche: the car manufacturer adopted the status of European Company

During an extraordinary general assembly on June 26, 2007 in Stuttgart, the luxury German car manufacturer Porsche AG’s shareholders gave the green light to the transformation of the company into a European Company (EC) through the creation of a holding company. That same day, the group’s management and works council announced that they concluded an agreement on staff representation in the future EC. (Ref. 070573)

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