Porsche hails ruling to reject VW bylaw change bid

Newswire

FRANKFURT, Sept 29 (Reuters) - Porsche on Monday welcomed a German court ruling that rejected Volkswagen AG's petition to retain the state of Lower Saxony's blocking minority at VW general meetings. VW had sought court approval to change the company's statutes -- normally the final stage for such revisions -- but the Braunschweig registry court rejected this on Friday, saying only a general meeting by shareholders could change the bylaws. VW's supervisory board had decided on Sept. 12 to ...

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