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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Volkswagen denies giving Porsche ‘ultimatum’ over merger deal

Posted on 29 June 2009

From Guardian: Porsche and Volkswagen will try tomorrow to thrash out the terms of a merger on Monday after a bitter war of words exploded between the two German car groups.

Volkswagen publicly denied today it had set Porsche an ultimatum for agreeing on a merger deal, after Porsche bosses had accused their rival of “extortion”……..Full Article: Source


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