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Porsche: To put more money in Volkswagen
Friday, 17 November 2006
Porsche's interest in Volkswagen is increasing!
Luxury automaker Porsche AG said Wednesday its supervisory board approved a move to increase its stake in Volkswagen AG to a level just shy of the 30 percent level that would require it to make a takeover offer.
The Porsche board authorized an increase to 29.9 percent from 27.4 percent. Porsche is already Wolfsburg-based Volkswagen's biggest more from audiportal\'s sources...
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