Thursday 16 July 2009

Peace threatens to break out at Porsche

Porsche’s family owners were poised to settle their feud over a rescue of the ailing German sports car maker with a compromise deal that would wipe out almost all its debt. The plan includes a sale of half the sports car business for as much as €4bn to Volkswagen, a €5bn capital raising and the sale of options that can be converted into VW shares. The Qatar Investment Authority and the two families, the Porsche and Piëch clans, could inject cash and assets to strengthen the balance sheet.

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1 comment:

  1. AffacturageThursday, July 16, 2009 10:45:00 am

    Meltdown was a fairly quick, eye opening read. There are many hard hitting facts that will make any open minded person in pursuit of the truth question the explanations they have been given.

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