Porsche: More Interest in VW!

Porsche yesterday bought more shares in VW:

Porsche AG said Friday it will purchase another 3.9 percent of Volkswagen AG, a move that would give it a blocking minority stake of 25.1 percent in Europe's biggest automaker.
The Stuttgart-based maker of luxury autos said it had filed a request for approval with Germany's Federal Cartel Office for the purchase. Holding a stake of more than 25 percent would put Porsche in a position to block corporate decisions by VW if it so desired.
Shares of Volkswagen rose 1.2 percent to close at 53.57 euros ($67.65) in Frankfurt trading, while Porsche shares fell a quarter of a percent to finish at 746 euros ($942.13).

Related news: GermanCarBlog, P4MR, Volkswagen, Porsche

Source: Business Week, logo from Cartype

Porsche: More Interest in VW!

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