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Porsche said on Sunday it had nearly a 75% stake in Volkswagen, 31.5% through cash-settled options and an additional 42.6% it currently owns. "The goal is to raise this to 75 percent in 2009, so long as the economic conditions permit, and pave the way for a domination agreement," Porsche said. A Volkswagen spokesman said the car company expected the move and continues to welcome Porsche's investment. - Gerald Magpily Categories Deal Video
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Porsche Automobil Holding SE said it was just 0.9% short in ownership stake of Volkswagen AG that would allow it the right to register the target's revenues and assets in its owns books.
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