Norway Fund: Porsche, VW Deal ‘Appears Unacceptable’

FRANKFURT (Dow Jones)–Norway’s pension fund manager expressed concern Wednesday about Volkswagen AG’s (VOW.XE) planned take over of a part of Porsche Automobil Holding SE (PAH3.XE), saying the “deal appears unacceptable.”

These comments were made in a letter from Anne Kvam, head of Corporate Governance of Norges Bank Investment Management, to VW supervisory board head and Porsche stakeholder Ferdinand Piech and VW supervisory board members.

Read the article on Online.wsj.com

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The Norwegian American

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