Take Over VW Porsche

FRANKFURT - German luxury car maker, Porsche, official ultimately increase stake in Volkswagen. Porsche actively buying shares of VW, Europe's largest car company. Today, Porsche has had more than 50.76 percent of VW stock, increase the number of previous ownership of 42.6 percent. Porsche issued a statement on Monday night (5 / 1) German time.

As one consequence, Porsche must buy the shares of Swedish truck manufacturer, Scania. This is a Swedish legal order. Therefore, VW is the dominant shareholder in the company. However, Porsche said it would offer low prices because they felt had no strategic interest of Scania.

Record, last year, Porsche is already intend acquired more than 50 percent of VW stock. However, Porsche postponed after stock prices fall due to market speculation. After this acquisition, Porsche intends to buy up more shares of VW to have 75 percent.

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