Porsche’s chairman is confident a deal with Volkswagen can be signed and sealed within two years.
“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.
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