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Sovereign Wealth Funds Briefing - Categorized | Investment

Porsche talks to Qatar Fund about cash lifeline

Posted on 10 June 2009

From Nytimes.com: Porsche, which has been struggling to avoid a cash crunch, said Tuesday that it was talking with officials in Qatar’s sovereign wealth fund about an investment that could give new life to its plan to merge with Volkswagen.

Frank Gaube, a spokesman for the carmaker, confirmed the companies were negotiating but said he could not comment further because of a confidentiality agreement……..Full Article: Source


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