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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Porsche and VW divided over deal

Posted on 30 June 2009

From Nytimes.com: Lower Saxony (where Volkswagen has its headquarters) would maintain its 20 percent holding, while Qatar would take 15 percent. An unidentified sovereign wealth fund would hold the remaining 5 percent; the remainder would presumably be listed on the stock market.

Porsche took on a debt of 9 billion euros, or $12.7 billion, as it acquired its VW stake over the last four years……..Full Article: Source


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