Porsche complete takeover of VW: November 26

At the moment Porsche currently own 35 percent of VW, Porsche aim to increase this to over 50 percent o November 26. That means that Porsche would have completed a complete takeover of Volkswagen in time for Christmas.

It is no secret that Porsche have wanted to hold the absolute majority of VW, since they purchased a 35 percent stake in Europe’s biggest car maker.

The state of Lower Saxony currently holds around 20 percent of the voting rights in VW, I wonder if Porsche have any plans to get hold of that stake as well.

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