Volkswagen is now more valuable than Exxon!
October 28th, 2008 Leave a comment Visited 35 times, 1 so far today
Volkswagen is now more valuable than Exxon!
It might not remain for long but for now Volkswagen has become more valuable than Exxon in terms of market value.
VW value boosted after Porsche announced that they are going to raise their stake in the company to 75 percent.
The share value of Volkswagen rose as much as 485.01 Euro at one point of time.
The value of Volkswagen has already risen more than sixfold this year. It was valued at around 294 billion Euro at the end of trading yesterday.
Porsche had earlier announced that they were planning to raise their stake in VW to just above 50%.
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