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Qatar Deal Done by July?
June 17, 2009
Bloomberg is reporting that Qatar’s investment deal with Porsche could be done by the end of June. As we reported earlier, Porsche is seeking up to $3.45 billion in investment from Qatar.
According to the article, Qatar wants at least a 25% stake in Porsche.
Porsche has already gotten a $978 million loan from VW, and is in talks with other banks to get an additional $2.42 billion load, all to cut down its $12.5 billion debt.
[source: Bloomberg via Autoblog]
Posted in Misc
