Porsche to wait before raising VW stake - analysts

Newswire

STUTTGART, Germany, Jan 28 (Reuters) - Sports car maker Porsche AG is unlikely to boost its voting stake in Volkswagen AG to a majority until a new German law governing VW takes shape, several analysts said on Monday. Uncertainty surrounding shareholders' rights at Europe's biggest carmaker once the new law takes effect means no move by Porsche to raise its 31 percent stake is imminent, analysts said in notes to clients. Berlin has unveiled draft legislation to replace a law struck down ...

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