VW safe from takeover even under new EU code -state premier

Newswire

HANOVER, Germany, Jan 24 (Reuters) - Germany's Volkswagen AG will be able to protect itself from a hostile takeover even if the European Union overturns the so-called VW law, Lower Saxony state premier Sigmar Gabriel said on Friday. Gabriel told Reuters that the state, which owns 18.2 percent of Europe's largest carmaker, had a contingency plan in place to prevent a takeover. "This contingency plan is agreed with the company," Gabriel told Reuters, declining to give details. "I'm ...

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