Federal Court Decision on Scraping Increases GDPR-related Litigation Risks
21 November 2024
Porsche Automobil Holding SE (Porsche SE) achieved a successful debut on the bond market and issued a bond with a total volume of EUR 750 million. The funds will be used for refinancing a bridge loan that was raised for the acquisition of ordinary shares in Dr. Ing. h.c. F. Porsche AG (Porsche AG). The bonds’ maturity is September 2028 and it was oversubscribed multiple times.
The bond will be traded on the regulated market of the Luxembourg Stock Exchange. Bank of America, Crédit Agricole, Mizuho Bank, MUFG, Santander and Société Générale acted as Active Bookrunners on the transaction.
Hengeler Mueller team for Porsche Automobil Holding SE
Capital Markets: Alexander G. Rang (partner), Julia Weidner (counsel, both lead), Christoph Roggemann (associate), Georg Tauser (associate, all Frankfurt),
Tax: Matthias Scheifele (partner, Munich),
Corporate: Gerd Sassenrath (partner), Carsten A. Schapmann (partner), Manuela Roeding (counsel, all Dusseldorf).
