Earlier this week German media announced that Volkswagen is close to a deal to takeover Porsche. The deal is said to be in the neighborhood of $11 billion. The deal would be in two steps with VW initially purchasing 50% of Porsche and then they would acquire the remaining shares in a second step.

This would give Porsche and Piech family an ownership 50% of the shares in the newly merged VW-Porsche company. The lower state of Saxony would keep its 20% holding and this would make it possible for the emirate of Qatar to purchase some shares.

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