According to the latest reports, it appears that Volkswagen AG will finally complete its $4.5 billion acquisition of Porsche Holding this week. For those who don’t know, Porsche-Holding is based in Salzburg, Austria and it is considered Europe’s largest car dealership group. Frankfurter Allgemeine Zeitung newspaper said that the transaction could be finished on Tuesday, and that Vw AG will pay around 3.3 billion euros.

The deal was announced back in November 2010 and according to our sources this acquisition is part of listed entity Porsche AG's deleveraging plans ahead of its anticipated merger into Volkswagen. Porsche and Piech clans that control Porsche also own the non-listed dealership group headquartered in Austria. If you remember, last week we told you that due to an ongoing investigation, Porsche-Vw merger plans were delayed by 2012. Volkswagen has the strength to complete the deal as its automotive net cash dropped to 18.6 billion euros at the end of December from 19.6 billion at the end of September. [via autonews - sub. required]