UPDATE 2-Porsche seeks approval to up VW stake to 25.1 pct

Newswire

(Adds background, analyst comment) FRANKFURT, June 23 (Reuters) - Sports car maker Porsche has sought German antitrust authority clearance to raise its voting stake in Volkswagen to a blocking minority of 25.1 percent, Porsche said on Friday. Raising its stake from 21.2 percent now would increase its influence on decision-making at Europe's biggest carmaker, in which it became the largest single shareholder last year. "The Stuttgart company expects quick approval of the plan from the ...

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