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Sovereign Wealth Funds Briefing - Categorized | Market

Porsche shares gain as Spiegel says Qatar makes offer

Posted on 14 July 2009

From Bloomberg: Porsche SE rose the most in 3 1/2 months in Frankfurt trading after Der Spiegel reported Qatar offered about 7 billion euros ($9.8 billion) for a stake in the maker of the 911 sports car and its Volkswagen AG stock options.

Porsche gained 4.11 euros, or 9.7 percent, to 46.45 euros in the biggest jump since April 2. That pared the shares’ decline this year to 11 percent, valuing the carmaker at 8.17 billion euros………Full Article: Source


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