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VW seals $4.7B Porsche deal

  • Story Highlights
  • Volkswagen buying a 42 percent stake in Porsche's main production division
  • VW will also buy the car trading business of Porsche Holding Salzburg
  • Deal takes carmakers closer to a full merger, following exit of Porsche CEO
  • Merger comes after failure of Porsche's attempts to takeover bigger rival VW
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