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.

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