Monday, October 27, 2008

VW skyrockets on Porsche stake increase.

This is not picture of the year-on-year change. It is just 1 day return on German Stock Exchange. Last DAX30 component Volkswagen (VLKAY) but far the best performing. Shares skyrocket after Porsche (POAHF) announced aim to increase direct equity stake to over 50 percent. Currently company owns 42.6% and options for another 31.5%.


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