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POAHY Porsche Automobile Holding SE (PK)

4.70
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Porsche Automobile Holding SE (PK) USOTC:POAHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.70 4.70 4.70 0.00 01:00:00

European Commission Opens Investigation into Regional Aid for Porsche

11/07/2012 11:14am

Dow Jones News


Porsche Automobile (PK) (USOTC:POAHY)
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By Clare Connaghan

BRUSSELS--The European Commission Wednesday opened an investigation into whether regional aid for German Porsche Automobil Holding SE (PAH3.XE) is in line with EU state aid rules.

"The Commission will check whether the aid is necessary and proportionate to provide an incentive for the investment and whether its contribution to regional development outweighs the distortion of competition," the European Union's executive said in a press release.

Last December, the German automaker applied for government aid for an investment project in Leipzig, in the region of Saxony.

Write to Clare Connaghan at clare.connaghan@dowjones.com

1 Year Porsche Automobile (PK) Chart

1 Year Porsche Automobile (PK) Chart

1 Month Porsche Automobile (PK) Chart

1 Month Porsche Automobile (PK) Chart