They had all the control and wanted to keep it. VW had a lot of cash but they couldn't just take it because 20% of it belonged to Lower Saxony and probably tax

They had all the control and wanted to keep it. VW had a lot of cash but they couldn't just take it because 20% of it belonged to Lower Saxony and probably tax reasons. So they gave a loan with better conditions to Porsche from VW. It was not really a bailout, it was more of a restructuring.