Porsche says bought small VW stake off bourse

STUTTGART, Germany (Reuters) - Porsche (PSHG_p.DE) bought a small stake in Volkswagen AG (VOWG.DE) in an off-bourse transaction on Tuesday in which it paid far less than peak prices during the session, a Porsche spokesman said.

Porsche has already said it planned to increase its 35 percent VW stake to a majority by next month. VW shares soared nearly 55 percent at one stage on Tuesday to touch a high of 452 euros and were up 14 percent at 333.33 euros by 1347 GMT.

(Reporting by Hendrik Sackmann)

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