Porsche Finance Group is the Porsche financial division that provides financing, insurance and maintenance services for customers of Volkswagen brands. The most cars sold by Porsche Romania are funded via Porsche Finance, and Porsche Finance also funded MAN trucks on the local market.
Dan Ostahie controls Altex Group which is organized on several business lines, respectively, retail, IT services, import, manufacturing and distribution of electro-IT&C products, service, non-banking financial services, transport, automotive, real estate.
In Romania, Porsche Finance Romania Group operates on the financial-banking services market through Porsche Bank Romania S.A. and Porsche Leasing Romania IFN S.A., whose main activity is lending (especially as consumer loans and car leasing auto).
In accordance with the provisions of Competition Law no. 21/1996, the operation proposed exceeds the value thresholds stipulated by law and will be subject to checkup by the antitrust watchdog. The antitrust watchdog undertakes to assess the economic concentration operation in terms of its compatibility with the normal competitive environment and to issue a decision under the legal deadlines.