4-traders.com, stock quotes, stock exchange, market price, stock market advice, technical analysis, stock chart analysis, Company News
February 9, 2010 02:40 am US/Eastern
Search
Dynamic quotes   
On
 | Off

4-Traders Homepage  >  Shares  >  Nasdaq other OTC  >  PORSCHE AUTO HD   PAH3   DE000PAH0038

Real time Streaming quotes -

PORSCHE AUTO HD (PAH3)

Delayed Quote. Delayed Nasdaq other OTC - 02/08 11:51:24 am
52.85 USD   -2.85%
2009PORSCHE AUTO HD: Porsche told by Deutsche Bank to pump in cash q..
2009PORSCHE AUTO HD: More Porsche owners to become VW directors: sou..
2009PORSCHE AUTO HD: Defeated Porsche axes CEO to make way for VW me..
SummaryQuotesChart AnalysisNewsCompanyFundamentals
NewsRSS News

PORSCHE AUTO HD : More bidders interested in Porsche stake: report

07/04/2009 | 10:46 am
The sign VW-Porsche is pictured at the back of a VW-Porsche 914 car at a dealer in Bochum
FRANKFURT (Reuters) - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday.

In an advance release of remarks due to be published on Monday, Focus said without citing sources that a Chinese and a Russian sovereign wealth fund as well as a hedge fund were interested.

A Porsche spokesman declined to comment on the report.

Porsche, which owns 51 percent in Volkswagen <VOWG.DE>, is seeking an outside investor after amassing 9 billion euros ($12.6 billion) in debt during a bungled attempt to dominate VW.

Earlier this week, Porsche said that Qatar had made an offer to the controlling Porsche and Piech families that could help reduce the mountain of debt at their wholly owned automotive holding Porsche SE <PSHG_p.DE>. Sources told Reuters on Friday the owners were set to discuss an investment by Qatar in the next two weeks and a decision may come even before Volkswagen's supervisory board meeting on July 15.

A successful investment from Qatar could strengthen Porsche Chief Executive Wendelin Wiedeking's negotiating hand as he tries to strike a deal with VW.

Without it Porsche will struggle to prop up its finances and may have little choice but to yield to a reverse takeover from VW, Europe's biggest carmaker.

German magazine Spiegel reported Porsche CEO Wiedeking had warned the owner families of selling Porsche AG to VW.

Porsche had earlier dismissed as unworkable any deal which involved a partial sale of its sports car business to VW, noting that it would let banks call immediately a 10.75 billion euro syndicated loan they awarded Porsche in March.

(Reporting by Eva Kuehnen and Hendrik Sackmann in Stuttgart)



© Reuters 2009. Tous droits résérvés.
Latest news on PORSCHE AUTO HD
2009Porsche told by Deutsche Bank to pump in cash quickly: report
2009More Porsche owners to become VW directors: sources
2009Defeated Porsche axes CEO to make way for VW merger
2009Porsche axes CEO, sets stage for VW merger
2009Porsche SE directors approve Qatar talks, axe CEO
2009Porsche CEO likely to bow to pressure to go: report
2009VW to pay $11.28 billion for all of Porsche: report
2009Porsche set to accept VW plan for merger: reports
2009Porsche debt balloons to over $14 billion: sources
2009Porsche debt balloons to over $15 billion: sources
Chart PORSCHE AUTO HD
Mid-term
Graphique historique des cours de bourse de PORSCHE AUTO HD
>> Full-screen chart
Price share PORSCHE AUTO HD (UNITED STATES OF AME), Source for Financial Market Quotes, Charts, Technical Analysis and Consensus. Stock market quotes including the latest stock price , stock market quote for the NASDAQ 100, news and fundamental investing data and price charts. The easy way to get information on stocks, currencies, indexes, commodities , certicates, and Warrants. Contact us ¤ Site map
Quotes are delayed 15 minutes for Nasdaq, Nyse and Euronext. Dow Jones indexes from Dow Jones & Company and Nasdaq indexes are 15 minutes delayed. CAC 40, Forex and Tradegate exchange are in real-time. Others exchanges are in end of day. Data are provided by Interactive Data - Tijd Beursmedia.
Copyright ©  2001 - 2010 Surperformance SAS /