Porsche confirms talks with the State of Qatar

There are reports that say talks between the State of Qatar and Porsche are ongoing with regards to the former’s plan to purchase a stake in the car company. According to reports, Qatar is planning to buy 25 percent stake in Porsche. Although Porsche has confirmed the talks, it has said nothing about the stake currently being discussed.

Reports further say that a deal could be finalized within weeks. After its failed attempt to takeover VW, Porsche is left with 9 billion Euros in debt. Besides its talks with Qatar, Porsche is also seeking a merger with VW and also a 1.75 billion Euros aid in loans from the government of Germany.
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answer - 6/9/2009 1:22:39 PM

+2 Boost

What's up with Porsche?

I always thought they were pretty secure financially. Now it seems every other day there is some merger/buyout talk.

VISO - 6/9/2009 3:41:48 PM

+3 Boost

They got only to 51% not 73%. The leveraged themselves too much with easy credit and now face being taken over by VW.

trex - 6/11/2009 9:33:57 AM

+1 Boost

Stupid Herro.