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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar makes official bid for Porsche stake

Posted on 13 July 2009

From Themotorreport.com.au: The Qatar Investment Authority (QIA) has now formally made an offer to purchase a 25 percent stake in German manufacturer Porsche, offering €7 billion (AU$12.5 million) for a share of Porsche Automobil Holding and options on Volkswagen shares held by Porsche.

Last week, Porsche’s capital-raising efforts hit a snag when the German state-owned KfW bank rejected its request for a €1.75 billion ($AU3.05b) loan to assist it through its current difficulties………Full Article: Source


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