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VW to finalise Porsche takover for EUR 3.9billion

The latest auto car news written in the Clinton Deacon reports...

Unidentified managers within the VW hierarchy have confirmed that they will set up a a holding company to take control temporarily. It is believed by completing the transaction before 2014 will save the company EUR 1 billion in taxes.

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Tagged: 1 billion, control, EUR, hierarchy, holding company, Unidentified

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