Porsche’s chairman is confident a deal with Volkswagen can be signed and sealed within two years.
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“I am very confident, that we will conclude the deal by 2011,” he told Reuters, adding he could not foresee any stumbling blocks.
Porsche SE agreed in August to sell a 42% stake in sportscar maker Porsche AG to VW for EUR3.3bn (US$4.80bn) as part of a multi-step deal to integrate the two companies by 2011.
