Porsche wants to up VW stake by mid-Oct -paper

Newswire

FRANKFURT, Aug 19 (Reuters) - German sports car maker Porsche wants to raise its stake in Volkswagen to 25.1 percent by mid-October at the latest, the Frankfurter Allgemeine Sonntagszeitung reported. Porsche, already VW's biggest shareholder with a voting stake of 21.3 percent, has received clearance from German cartel authorities to raise its stake to a blocking minority. In an advance copy of its Sunday publication, the newspaper quoted banking sources as saying an investment bank had ...

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