VW says board would back Abu Dhabi's stake buy

Newswire

WOLFSBURG, Germany, April 29 (Reuters) - Volkswagen AG's supervisory board would approve a sale of treasury stock to the Gulf emirate of Abu Dhabi, VW Chief Executive Bernd Pischetsrieder said on Thursday. Abu Dhabi is interested in acquiring a stake that could be as high as 10 percent of the stock in Europe's largest carmaker and the emirates' economic minister said it believed in the company. "We believe in Volkswagen," said Abu Dhabi's economics minister after talks between the ...

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