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Volkswagen plan total takeover of Porsche
Volkswagen are planning a total takeover of Porsche, revising earlier reports that VW was only buying half of the sports car giant, news magazine Der Spiegel said Saturday.
According the magazine, the sale will be completed in two stages – first 49.9 percent will be taken over, as had been reported this week, then VW will move to buy the rest of the company.
Porsche are to receive around €8 billion...