VW urges Porsche to accept merger - Spiegel

Newswire

FRANKFURT, June 27 (Reuters) - Volkswagen and its key shareholder, the state of Lower Saxony, have urged Porsche to accept a tie-up of the two carmakers with VW in charge, Spiegel magazine reported in its online edition on Saturday. Porsche Chief Executive Wendelin Wiedeking and Chairman Wolfgang Porsche have been pressed to agree by the end of June that VW takes a 49 percent stake in Porsche's sports car business for 3-4 billion euros ($4.2-$5.6 billion), Spiegel online reported without ...

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