Volkswagen’s full merger with Porsche is a step nearer today after VW’s supervisory board approved taking a 49.9 per cent stake in the sports car firm.
The contracts are expected to be signed by Porsche’s two controlling families – the Porsches and the Piechs – today, although how much VW will pay for the stake has not been revealed.
In a statement, VW said it expected its purchase of the initial stake to be completed by the end of the year, with a full merger set to be completed b...
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