Porsche to own more of VW


FRANKFURT: German carmaker Volkswagen has offered Porsche to help it secure another 3.4% stake via a capital increase, cementing the two firms' cooperation, according to media reports. 

Luxury carmaker Porsche is already in the process of securing a 18.53% stake in Europe's largest carmaker, which would make it the largest shareholder in the mass car producer once the transaction is completed later this month. 

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