Norway Oil Fund Asks VW to Call Off Porsche Takeover
Posted on 10/09/2009
Norges Bank Investment Management (NBIM) demanded that Volkswagen AG, Europe’s largest automaker, cancel its merger with Porsche SE. Norway’s GPFG believes the deal favors the German sports car manufacturer’s family owners. The proposed transactions are unacceptable as they “leave the impression of being designed to suit the needs of the Porsche controlling families,” Norges Bank […]
