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Lower Saxony says it will keep stake in Volkswagen |
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HANOVER, Germany (Reuters) -- The German state of Lower Saxony will keep its 20.1 percent stake in carmaker Volkswagen, state Premier Christian Wulff said today."Lower Saxony is holding on to its capital stake in Volkswagen AG," he said in a statement. Lower Saxony is Volkswagen's second-biggest shareholder.He said the state accepted a European Court of Justice ruling that struck down a German law limiting any individual's voting rights in Volkswagen to 20 percent and which guaranteed the state seats on Volkswagen's supervisory board.
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