.Lefteris.
28th June 2009, 08:50
STUTTGART (Reuters) - Porsche SE (PSHG_p.DE (http://www.reuters.com/finance/stocks/overview?symbol=PSHG_p.DE)), the heavily indebted holding company that controls Volkswagen (VOWG.DE (http://www.reuters.com/finance/stocks/overview?symbol=VOWG.DE)), said on Friday it was close to reaching a deal with Qatar that could help solve its financial problems.
"The negotiations have entered the final stretch," a Porsche spokesman said, adding sovereign wealth fund Qatar Investment Authority (QIA) had finished examining its books.
"The due diligence has reached a positive conclusion."
more...... (http://www.reuters.com:80/article/euPrivateEquityNews/idUSTRE55P3ON20090626)
"The negotiations have entered the final stretch," a Porsche spokesman said, adding sovereign wealth fund Qatar Investment Authority (QIA) had finished examining its books.
"The due diligence has reached a positive conclusion."
more...... (http://www.reuters.com:80/article/euPrivateEquityNews/idUSTRE55P3ON20090626)