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Porsche AG, the German sports-car maker, said it's become Volkswagen AG's largest shareholder with an 18.53 percent stake and may acquire more of Europe's biggest carmaker.

Porsche purchased 8.27 percent of the stock from institutional investors in recent days and has been ``given the opportunity'' to buy another 3.4 percent of the common shares, spokesman Immo Dehnert said in a telephone interview today.

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