VW is now promising big money – an extra payment is expected from the Porsche IPO.
But not everyone is happy with VW’s plans. Because the extraordinary distribution shouldn’t end up in the account until next year.
“Handelsblatt” reports it. On December 16, the extraordinary distribution will be decided by the shareholders in Berlin. However, the total of €9.55 billion will not be disbursed before 9 January. For many owners, this project does not meet much approval – and rather annoyance.
Why: “Splitting the maturity of a dividend and the payment of this dividend over two calendar years has numerous disadvantages for an asset manager and his clients,” as Ralph Weidenmann of Swisspartners told “Handelsblatt”.
The state of Lower Saxony wants extra money for the late VW
The reason for next year’s payment: The state of Lower Saxony, which holds almost 12 percent of Volkswagen shares, wants a late payment. Compared to “HandelsblattThe Finance Ministry of Lower Saxony confirmed the rumors.
The 1.13 billion euros of the special distribution could only be distributed next year because Lower Saxony is “still underbalanced”. As a result, the equity of the state shrinks – the equity capital and the prescribed reserves can then – after deduction of the debt – no longer be covered by the effective assets.
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According to the spokesman, the timing of the payment will be determined only by VW’s general meeting. However, shareholders would like to have the money as soon as possible. Normally, the profit would be transferred almost simultaneously. The “Handelsblatt” asked Volkswagen and received no answer.
