03-03-2008, 11:53 AM
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Regular User
Join Date: Dec 2003
Location: The OC™
Posts: 4,881
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Porsche buys Volkswagen
+50% = ownership
PORSCHE SAYS HAS GIVEN THE GO-AHEAD FOR AN INCREASE OF THE STAKE IN VOLKSWAGEN AG TO MORE THAN 50 PER CENT PORSCHE SAYS REVIEWS BY THE REGULATORY AUTHORITIES ARE EXPECTED TO TAKE SEVERAL MONTHS
PORSCHE SAYS AS SOON AS THE REQUISITE CLEARANCES HAVE BEEN OBTAINED, PORSCHE SE CAN ACQUIRE THE MAJORITY OF THE SHARES IN VOLKSWAGEN
PORSCHE SAYS IT IS NOT PLANNED TO MERGE THE TWO COMPANIES
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Oh, and Volkswagen just bought Scania.
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