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Sovereign Wealth Funds Briefing - Categorized | Investment

Porsche may sell stake to Qatar SWF

Posted on 16 June 2009

From Edmunds.com: Porsche is preparing to sell up to 25 percent of the company to the oil-rich emirate of Qatar, in part to reduce a staggering debt load that the sports-car manufacturer incurred earlier this year in its bid to acquire full control of Volkswagen.

Porsche is now saddled with more than $12 billion in debt, and its stake in VW has stalled at 51 percent…….Full Article: Source


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