In its Monday edition, the German periodical Focus reported that the emirate of Qatar is looking to buy a stake in Porsche . The anonymously-sourced information has not been confirmed by either the automaker or the emirate. The investment would allow Porsche to reimburse a part of its 3.3 billion euro loan (around 5 billion Canadian dollars) contracted with its banks to buy controlling interest in Volkswagen. Arab investors have been eyeing the auto industry for a while. Kuweiti investors had already bought Aston Martin in 2007, and more recently an Abu Dhabi company acquired 9.1% of Daimler's shares. photo: Porsche
Qatar wants a stake in Porsche