Qatar to buy 25% Porsche

The Middle East emirate of Qatar is close to buying a major stake in the German avtokontserna Porsche. Thus, for the first time in the history of sports car manufacturer Porsche its shareholders may be someone who is not a member of the families Porsche and Pih. The deal can be struck during the current or next week.
 

According to the newspaper Frankfurter Allgemeine Sonntagszeitung and the Financial Times Deutschland, the Emir of Qatar intends to acquire 25% stake in German concern. Reported that last week was tested accounting Porsche, but on the weekend days of negotiations on the conditions of the sale of shares. Der Spiegel, referring to unnamed representative Porsche said that negotiations with the Emirate of being in a good atmosphere, but before graduation, he refused to inform on the details of the transaction.

Through the deal with Qatar Porsche expects to attract at least € 2 billion to fix its financial situation. A total management of the group intends to increase the capital of the company at 4,5-5 billion euros, including the loan of 1.75 billion euros from the German state bank KfW. It is expected that the supervisory board of Porsche decides to increase the share capital of the company at an emergency meeting in early July. After that, the owners must agree on a draft at the general shareholders meeting in early September.

Recall May 7 avtokompanii Volkswagen and Porsche have announced plans for a merger that could be the completion of 3.5 years of negotiations, the two companies, and help save Porsche from imminent bankruptcy. After meeting the owners and officers of Porsche and VW in Salzburg, the Porsche family have agreed to establish an integrated avtoproizvodyaschuyu company, which will bring together under one roof to 10 brands. However, on 18 May reported that the talks suspended indefinitely.

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