QIA/Porsche Deal On Shaky Ground

The Porsche-Volkswagen (VW) soap opera rumbles on. Porsche has been pursuing VW for years and currently controls around 70% percent of the larger company - a 51% direct stake, plus options to acquire a further 20%. Amassing these interests did not come cheap, and after taking on masses of debt, Porsche now owes banks US$15bn.

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