Germany says Porsche VW bid stabilises shareholdings

Newswire

BERLIN, March 26 (Reuters) - The German government said on Monday that Porsche's plans to raise its stake in Volkswagen preserved the firm's shareholder structure and that it welcomed any move to guarantee jobs in Germany. "In the name of the government, it is a private corporate matter which we cannot pass judgement on but (we can say that) the shareholder structure is further stabilised with the stake increase," government spokesman Ulrich Wilhelm told reporters. A spokeswoman for the ...

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