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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Bleak prospects push Porsche into Qatar’s arms

Posted on 26 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 carmakers to merge, according to people involved in the talks.

Porsche racked up 9 billion euros ($12.7 billion) of net 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


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