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Volkswagen Group Wants to Complete Acquisition of Porsche Before 2014

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At the annual general meeting of Porsche SE in Stuttgart on Monday, the company's CEO Martin Winterkorn told shareholders that the Volkswagen Group wants to buy the second half of the sports car maker before August 2014 when the acquisition would be free of tax, Reuters reported.

"It's not in the interest of any of the parties to wait that long, neither the companies nor the tax authorities," Winterkorn told the shareholders.

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