Porsche unlikely to raise VW stake this year: source
STUTTGART, Germany (Reuters) - German sports car maker Porsche (PSHG_p.DE: Quote, Profile, Research, Stock Buzz) is unlikely to increase its 31 percent stake in Volkswagen (VOWG.DE: Quote, Profile, Research, Stock Buzz) this year, a source familiar with the matter said on Tuesday.
The source was speaking after the European Court of Justice struck down a German law limiting any individual's voting rights in Volkswagen to 20 percent.
A Porsche spokesman said earlier it had not decided yet how to proceed and that its supervisory board would have to review the issue.
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