Volkswagen AG announced today that it will take a 49.9 percent stake in Porsche AG in a first step towards a merger with the Stuttgart sports car manufacturer. “This was agreed between Volkswagen and Porsche SE during negotiations on the contracts of implementation relating to the merger of the two companies,” Volkswagen said in a statement. “The Comprehensive Agreement announced in August referred to an initial participation in Porsche AG amounting to 42 percent.” Volkswagen said that it wi
｜｜｜｜