Brussels, 24/11/2011 (Agence Europe) - The European Commission decided on Thursday 24 November to refer Germany back to the Court of Justice of the European Union for failing to fully comply with the Court's 2007 ruling on the law privatising Volkswagen (VW). This piece of legislation protects car manufacturer Volkswagen from takeover bids. The Commission is of the view that the Land of Lower Saxony's 20% blocking minority in Volkswagen's capital is illegal.
The Commission will now ask the...