Porsche looks to become even larger Shareholder in Volkswagen
Porsche AG is looking to become an even bigger force inside Volkswagen AG by increasing its percentage of shares by 3.9 percent to a total stake of 25.1 percent. With a 25.1 percent increase Porsche AG would become a blocking minority of Volkswagen. At the moment the only thing stopping Porsche is clearance from the German Cartel Office.
Porsche is the largest single shareholder of VW at the moment and by controlling over 25% of the shares they will be able to exert even greater influence. For the full story read the article at Forbes.com.
