Qatar Investment Authority
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Porsche Automobil Holding SE, the company that owns Porsche AG and has sought a controlling interest in Volkswagen AG, will not be on the list of government loans in Germany this year according to the latest reports. Porsche is already actively seeking help from outside sources, however. Porsche had sought a $2.45 billion loan from Germany's state bank KFW, but the bank rejected the loan on Tuesday, reports Reuters. Earlier this week Porsche rejected an offer from Volkswagen in favor of a deal still under discussion with Qatar's state-owned Qatar Investment Authority. The end goal, whatever...
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Report: Porsche’s controlling families back selling 25% stake to Qatar-based investorsA little over a week ago we reported on Porsche's financial troubles and the company’s attempts to seek a lifeline from both the German government and outside investors - namely in the form of an investment from the Gulf state of Qatar. More details have since emerged about Qatar's interest...
James Martinez
