Porsche denies plans takeover bid for Volkswagen

Newswire

FRANKFURT, Nov 29 (Reuters) - German sports car maker Porsche , the largest shareholder in Volkswagen , denied on Wednesday that it plans to team up with a financial investor to make a full takeover bid for Volkswagen. "Clear denial, there's nothing to it," said a Porsche spokesman, when asked about market talk about such a move. Volkswagen shares had risen strongly on Wednesday but gave back some of their gains following Porsche's denial. The stock was up 2.7 percent at 84.20 euros at ...

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