Wed, Jul 27, 2016
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Porsche set to give Volkswagen stake to Qatar SWF

Posted on 25 June 2009

From Reuters: Porsche is advancing toward a deal with Qatar to give the Gulf state a shareholding in Volkswagen, a compromise that will clear the way for the car makers to merge, according to people involved in the talks.

Porsche racked up 9 billion euros ($12.7 billion) of debt trying to swallow its much bigger rival Volkswagen before the financial crisis turned the tables and threatened to unravel the deal…….Full Article: Source


 Article link

This post was written by:

VRS - who has written 19103 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
July 2016
M T W T F S S
« Jun    
 123
45678910
11121314151617
18192021222324
25262728293031