VW-Tochter: „Die Altlast ist weg“: Porsches Verkauf der Beratungstochter MHP hat einen bitteren Beigeschmack
Porsche schlägt die IT-Beratung MHP zu einer Bewertung von 320 Millionen Euro los. Ende 2023 war ihr Wert noch auf 1,5 Milliarden Euro taxiert worden. Was ist passiert?
The financial pressure weighing on Porsche and its new CEO Michael Leiters is immense. Thousands of positions are expected to disappear in the coming years across administration, development, and production to return the company to its former profitability. Apparently, the situation is tempting Leiters to sell valuable company assets at a steep price: The consultancy subsidiary MHP, with over 4,000 mostly highly-qualified employees, is being sold to the Indian Tata Group for a fifth of its original assessed value.
The VW subsidiary preferred the end with horror rather than a long drawn-out struggle. Porsche's acquisition of the MHP firm was never under a good sign, reported a senior manager who was closely involved at the time. MHP founder Ralf Hofmann was known as a trusted and personal business partner of the former Porsche Finance Chief Lutz Meschke.
The financial department of MHP was reportedly valued at around 1.5 billion Euros by the time of the acquisition. Porsche paid around 250 million Euros for 18 percent of Hofmann's shares in the company at the end of 2023. Since then, Porsche has owned 100 percent of the firm.
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