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Frankfurt, July 19: Porsche SE’s controlling families will agree on Thursday to accept an offer by Volkswagen to buy its sports car business Porsche AG for around 8 billion euros ($11.28 billion), Der Spiegel has reported. The German weekly magazine wrote that the rival Porsche and Piech clans, which own 100 per cent of Porsche SE votes, would approve the two-stage takeover at a supervisory board meeting on July 23.
Frankfurt, July 19: Porsche SE’s controlling families will agree on Thursday to accept an offer by Volkswagen to buy its sports car business Porsche AG for around 8 billion euros ($11.28 billion), Der Spiegel has reported. The German weekly magazine wrote that the rival Porsche and Piech clans, which own 100 per cent of Porsche SE votes, would approve the two-stage takeover at a supervisory board meeting on July 23.
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