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Qatar Investment Authority in talks with Porsche

Porsche the luxury sports car maker have scheduled meetings of its executive board to discuss offers by Qatar and Volkswagen. The car maker is heavily indebted and recently received an offer from the Qatar Investment Authority – the deal would allow Porsche to pay of some of the nine billion euros in debt that it accumulated when trying to increase it’s holding in Volkswagen of which is owns about 51%. A deal with Qatar would boost Wolfgang Porsche and give his company a chance to renew it takeover bid for the much bigger VW. VW has also made a counteroffer for a sport scar operations.