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Porsche takeover will make Volkswagen the largest carmaker in the world

Volkswagen chairman Ferdinand Piech has entered a deal to buy the remaining stock of Porsche SE 's automaking business for 4.46-billion euros. Piech is already 75 years old but is "at the peak" of his career, according to Stefan Bauknecht, a Frankfurt-based fund manager for Deutsche Bank investment vehicle DWS.

Porsche takeover will make Volkswagen the largest carmaker in the world
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