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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen AG : Germany To Aggressively Defend 'Volkswagen Law' - Report

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03/21/2012 | 04:24am EST

The German government will aggressively defend the country's "Volkswagen Law" at the European Court of Justice against the European Commission, which is suing Germany for the second time over the regulation, German newspaper Handelsblatt reports Wednesday, citing Economy Minister Philipp Roesler.

The law, which effectively shields German car maker Volkswagen AG (VOW.XE) from hostile takeover, guarantees the state of Lower Saxony a blocking minority in the company over certain decisions such as takeovers. This regulation has been long been criticized by the European Union for allegedly breaching competition rules, while Germany has defended the law on strategic grounds.

The Volkswagen law was revised in 2008 to meet the requirements of the court's judgement in 2007, and the fact that the Commission has decided to take new action four years later is difficult to fathom, Roesler is cited as saying.

"The federal government is clearly supporting the VW law and will aggressively defend it before the court," Roesler adds.

Newspaper website: http://www.handelsblatt.com

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.

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Financials (EUR)
Sales 2019 249 B
EBIT 2019 17 854 M
Net income 2019 13 750 M
Finance 2019 21 780 M
Yield 2019 3,57%
P/E ratio 2019 6,39x
P/E ratio 2020 6,08x
EV / Sales2019 0,27x
EV / Sales2020 0,24x
Capitalization 88 403 M
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Mean consensus BUY
Number of Analysts 30
Average target price 198,59  €
Last Close Price 176,60  €
Spread / Highest target 37,0%
Spread / Average Target 12,5%
Spread / Lowest Target -19,0%
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Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
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