Volkswagen is buying the remaining 50.1 percent of Porsche from Porsche Automobil Holding SE for €4.46 billion (roughly $5.5 billion). Technically, it’s a merger as VW is transferring one share to Porsche. This way, VW avoids more than €1.5 billion in taxes. The recently discovered and government-approved loophole serves to shorten any delay in the takeover that would hamper the integration of both brands. Read full story »
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Max Jean Stefan Johansson Eddie Johnson Leslie Johnson Bruce Johnstone
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