Porsche funds suffice to raise VW stake to 30 pct


HAMBURG, Germany, Jan 23 (Reuters) - Porsche has enough funds it can dip into to raise its stake in Volkswagen to up to 30 percent from its current 18.5 percent, the company said on Monday, citing recently issued new debt. A spokesman was reacting to a magazine report that Porsche had the added financial muscle to increase its VW stake if it so wished. A source at Porsche familiar with the situation said, however, there were no plans to do so at present.

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