Volkswagen Said to Be Poised to Buy Remaining Porsche Stake

Volkswagen AG, Europe’s largest carmaker, is closing in on a deal to purchase the remaining 50.1 percent stake in Porsche SE’s automotive business that it does not already own, people familiar with the matter said.

Approval from German tax authorities is one of the hurdles to an agreement, which VW and Porsche are still negotiating, the people said, declining to be identified discussing private talks. VW may announce the plan within the next two weeks, the people said. VW is considering setting up an umbrella company to purchase the stake, according to one of the people.