Volkswagen shares rose on Wednesday on talk that rival Porsche planned a full takeover.

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“There’s talk of Niedersachsen selling its 20% stake in VW at EUR150,” one trader told the Reuters news agency which noted that Niedersachsen, or Lower Saxony, is the German state that owns a stake in VW.


Porsche and Volkswagen both declined to comment, the report added.


Porsche, Piëch and VW

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