VW decides to acquire the remaining 50.1% of Porsche

Source: BBC
Volkswagen  agreed on buying Porsche's rest 50.1% stake for which it will pay $5.6bn. The deal was closed already in 2009 and the intention was to merge in 2011; however, there were obstructive legal obstacles. The agreement is intended to diminish VW's costs as well as lift its profits so that to become the biggest car producer in the world.
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Thu, 05 Jul 2012 09:54:40 GMT

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