UPDATE 1-Porsche not buying VW preference shares - source

Newswire

(adds quote, background) FRANKFURT, Feb 28 (Reuters) - Porsche is not buying Volkswagen preference shares and its stake in VW remains practically unchanged at 27.3 percent, a company source familiar with the matter said on Wednesday. The source was reacting to market speculation that Porsche, already VW's biggest shareholder, could increase its stake via VW preference shares if VW's capital structure was unified. The talk drove VW shares higher. "We have no VW preference shares and we ...

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