KNF has agreed to take over Volkswagen Bank Poland by … – Virtual Poland

Warsaw, 12/05/2015 (ISBnews) – Financial Supervision Commission (KNF) consented to the indirect acquisition by Ferdinand Porsche Familien-Privatstiftung shares of Volkswagen Bank Poland, accounting for over 50% of votes at the General Meeting, announced by the Commission.

“The Commission unanimously found no grounds to object to the intention of the indirect acquisition by Ferdinand Porsche Familien-Privatstiftung from Austria shares of Volkswagen Bank Poland SA in a number sufficient to exceed the 50% of votes at the General Meeting” – reads.

Volkswagen Bank Poland was established in early 1997, and operations began in July 1997. Volkswagen Bank Poland is part of Volkswagen Financial Services AG.

(ISBnews)