With a total of €8.8 billion of debt which it racked up in a failed attempt to acquire majority stake in VW, Porsche is currently having difficulties. The State of Qatar is planning on taking a stake in Porsche since they have been looking for opportunities to present themselves in the automotive industry.
Previously, they were speculating a stake in a German company, which they later names as Porsche. IPIC company, a state controlled firm in Abu Dhabi, bought a 9.1 stake in Daimler at 2 billion euros through Aabar, an exchange-listed investment car.
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