Porsche gives no timetable for boosting VW stake

Newswire

STUTTGART, Germany, Jan 27 (Reuters) - Germany's Porsche has no explicit timetable for exercising an option that would let it boost its voting stake in Volkswagen to nearly 22 percent, a spokesman said on Friday. He denied a report by news agency DPA-AFX that it would exercise the option by the end of its fiscal year in July. "This is not correct," he said. "We want to and will exercise the option, but there is no timetable." Porsche built an 18.5 percent VW voting stake last year and ...

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