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Volkswagen expected to rubber-stamp Porsche IPO plan - source

FILE PHOTO: LA Auto Show in Los Angeles

HAMBURG (Reuters) - Volkswagen's supervisory board is expected to approve a plan to list sportscar maker Porsche in an initial public offering, a person familiar with the matter told Reuters.

The board is currently in session and expected to vote in favour of a listing, the person said.

Volkswagen declined to comment.

(Reporting by Jan Schwartz; Writing by Christoph Steitz; editing by Matt Scuffham and Tom Sims)