Qatar Makes Official Bid For Porsche Stake

Qatar Makes Official Bid For Porsche Stake

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 billion) 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 [...]

Porsche Sales Slump; Panamera To The Rescue?

Porsche Sales Slump; Panamera To The Rescue?

THERE ARE A LOT of  issues on Porsche’s platter right now. The stalled purchase of Volkswagen, battling the financial crisis and preparations for new models have been keeping the Stuttgart operation more than occupied.

For the first nine months of this financial year Porsche has seen its global sales drop by 28 percent as the worldwide [...]

Porsche In Advanced Talks With Qatar For Company Share

Porsche In Advanced Talks With Qatar For Company Share

PORSCHE HAS ENTERED talks with the Qatar Investment Authority (QIA) that could lead to the wealthy Gulf state taking a hefty stake in the German supercar manufacturer, alleviating its debt position.

According to British newspaper the Financial Times, sources close to the talks have confirmed that Porsche CEO Wendelin Wiedeking is in discussions with QIA [...]

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