UPDATE 1-Hanover court rules against Porsche in VW case


(Adds background) HANOVER, Germany, Nov 27 (Reuters) - A German regional court upheld on Thursday corporate statutes at Volkswagen that effectively let the state of Lower Saxony veto any major plans that controlling owner Porsche SE may have for the world's third-largest carmaker. The Hanover court rejected Porsche's complaint that its failed motion at April's VW annual shareholder meeting to remove the 20 percent blocking minority should have been adopted. The case is expected to be ...

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