CEO says Volkswagen on solid footing as shareholders meet over special dividend

Volkswagen shareholders gathered in Berlin on Friday to vote at an extraordinary general meeting on the payout of a special dividend of 19.06 euros ($20.28) per share from the proceeds of the listing of Porsche AG .

A total of 9.6 billion euros, or 49% of the proceeds of the listing, will be paid out in January if shareholders vote in favour, as is widely expected.

"We are working on a globally balanced presence - in Europe, China and a strong third leg of North America," Blume said, pointing to the need to diversify in light of geopolitical tensions. "Making the real value of Porsche visible was important. But through this it has also become clear that the current valuation of Volkswagen is imbalanced. We want to change that."

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