Contact Us

Home> International News> News detail

Porsche fails in bid for Prime Standard listing

From Automotive News| March 29,2007

A German court ruled against premium carmaker Porsche AG in a legal dispute over inclusion in Deutsche Boerse AG's Prime Standard stock classification measure, the court said today.

Porsche wants to be admitted to the classification but refuses to publish quarterly reports, a condition for admittance.

The Stuttgart-based company has argued that reporting on its business every three months is an unnecessary bureaucratic effort that would merely drew attention to short-term trends, which it said was detrimental to companies with a long-term strategy.

A listing in the Prime Standard, set up in 2002, is a prerequisite for inclusion in selective indexes such as the mid-cap or blue chip indexes.

Porsche, which is included in the less demanding General Standard, has the right to appeal the ruling.

The company said it will consider which steps to take next.

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com.

Hot Auto Products| e-Catalog| Auto Products Directory| Auto Parts Manufacturers|

Gasgoo Site: Automotive News| 中文站| 汽车资讯| 出口供应商| 汽车社区|

Copyright Notice © 2016 Gasgoo.com Corporation and its licensors. All rights reserved.