UPDATE 1-Porsche boosts VW stake to 30.9 pct via option

Newswire

(Adds background) FRANKFURT, March 26 (Reuters) - German sports car maker Porsche has exercised an option to take an extra 3.6 percent voting stake in Volkswagen , Porsche said on Monday, taking its holding to 30.9 percent as of Wednesday. Raising its stake past 30 percent requires Porsche to make a mandatory takeover offer to other VW shareholders under German law. Porsche said on Saturday it expected to offer 100.92 euros per VW ordinary share plus the legal minimum for VW preference ...

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