Qatar wealth fund in talks over Porsche stake

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Porsche is in advanced talks about selling a large stake to the Gulf state of Qatar that could ease the sports car maker’s financial pain and turn the tables in its feud with Volkswagen.

Wendelin Wiedeking, Porsche’s chief executive, is talking to the Qatar Investment Authority (QIA) about taking a stake of up to 25 per cent in its holding company, people familiar with the talks said.

They said QIA was examining Porsche’s books and a deal could be announced within weeks.