Volkswagen Buys Half Of Porsche For $5.8 Billion
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December 7th, 2009
Volkswagen AG, the biggest European automaker announced the taking-over of 49.9% of Porsche, for €3.9 billion ($5.8 billion), said AFP. Last week, the Volkswagen shareholders reported a capital raise for financing the acquisition. The biggest European automaker hopes to end Porsche’s acquisition process until 2011. In August, after months of pressure and contradictory informations, VW announced that will gradually take-over [...]
