Porsche seeks to open door for foreign buys

Newswire

STUTTGART, Germany, Nov 29 (Reuters) - German sports car manufacturer Porsche will ask shareholders in January to amend corporate statutes to allow foreign acquisitions, it said on Tuesday. The invitation to the annual meeting on Jan. 27 includes a proposal to allow Porsche to buy or lease any kind of company in Germany or abroad. It would also authorise the carmaker to take any kind of stake in other firms and to open foreign branches. A spokesman said the changes would allow Porsche -- ...

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