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Sovereign Wealth Funds Briefing - Categorized | Investment

Porsche gets a lifeline from Qatar

Posted on 13 July 2009

From Business24-7.ae: Qatar’s sovereign wealth fund’s offer of $10 billion (Dh36.7bn) to acquire a 25 per cent stake in Porsche Automobil Holding and options on Volkswagen shares currently held by Porsche provides a much needed solution to the German car manufacturer.
The investment by Qatar Investment Authority will allow the sports car producer to reduce its problematic level of debt significantly………Full Article: Source


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