VW board to discuss Porsche-deal on Feb. 14-report

Newswire

FRANKFURT, Jan 29 (Reuters) - Volkswagen's supervisory board will discuss plans to acquire the remaining 50.1 percent of Porsche SE'S sports car business at a meeting on February 14, German magazine Der Spiegel reported. The magazine said the German Finance Ministry already has a draft for the deal available. Volkswagen will have to pay 3.9 billion euros ($5.1 billion) plus taxes for the remaining stake. Instead of an anticipated 1 billion euros, Volkswagen will have to pay a "low ...

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