AM Online

Porsche wants to up VW stake

Porsche has applied to receive clearance from the German antitrust authority to increase its stake in Volkswagen from 21.2% to 25.1%.

The Stuttgart based company said it expected quick approval of its plans.

Porsche signalled its intent to raise its VW stake last year by acquiring an option to buy additional shares. Overall investment in VW would then total €3.5 billion (£2.4bn).

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