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Volkswagen global

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On Thursday after VW, the biggest automaker of Europe, agreed on buying the remaining part of Porsche, the famous maker of sports cars, the market saw a steep rise in the share prices of the company. The deal was settled at 4.46 billion Euros that is 5.9 billion dollars exercising the options that were held since its initial stake was purchased in the year 2009. According to Stuart Pearson, a London based analyst of Morgan Stanley, it is a very good deal that Volkswagen is getting and as per his predictions to the investors, the completion of this deal would enhance the earnings of VW by 6% the next year.

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