For the most part, business deals are massaged with care and come together with relative ease and little drama. We guess the Germans must do things a little differently, as the VW->ke94 takeover of Porsche was anything but easy and drama-free. In fact, it was closer to the exact opposite.

Seven years ago, Porsche->ke1 was sitting pretty and decided it wanted to expand, but bit off way more than it could chew when it tried to buy out Volkswagen. This attempted takeover split Porsche’s ownership group and eventually resulted in Porsche falling into extreme debt and abandoning the takeover plan.

In 2009, the script flipped and VW ended up indirectly owning 49.9 percent of Porsche and striking an agreement in 2009 to buy up the remaining 50.1 percent. That agreement turned south when VW realized that the resulting tax payments for the purchase were its responsibility. Well, after some nifty dance steps with the taxman, VW managed to avoid paying taxes on the purchase and the deal was all but complete.

Now we can finally announce that the deal is 100 percent complete, and VW is now the sole owner of Porsche AG. The total purchase deal is going to send €4.46 billion ($5.59 billion) and a single common share of VW stock to Porsche SE. Volkswagen plans to integrate Porsche into its automotive group on August 1, 2012. Porsche SE will also receive an additional €320 million ($401 million) in lost dividend payments and net synergies, due to the rapid integration of Porsche AG into VW’s ownership group – basically VW is paying off Porsche SE to gain quicker control of its automotive group.

With this, VW’s impressive automotive group grows yet again. We are starting to wonder how big Volkswagen AG can really get before it’s too big for its own good.

Click past the jump to read the full and complicated presser from VW.

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