Sat, Oct 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

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


 Article link

This post was written by:

VRS - who has written 15018 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031