The Gulf state of Qatar has offered €7 billion ($9.8 billion) for a stake in
Porsche, which would allow the German luxury sports car maker to clear a large part of its debts, a report said Saturday.
According to the weekly Der
Spiegel, the Qatar Investment Authority would take 25 percent of
Porsche Automobil Holding and options on
Volkswagen shares currently held by
Porsche.
In addition
Volkswagen, which has proposed buying 49 percent of
Porsche’s core sport scar operations, has...
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