We’ve had more than one example recently of the money that’s present in the Middle East, proving that it could be more than the Western World ever imagined. After Aabar Investment from Abu Dhabi bought a 9.1 percent share in Daimler AG a few weeks ago with a 1.95 billion euro investment, another possible move from the Middle East is underway.

Reports have a sheik from Qatar seeking to enter Porsche share holding, with a double figure share being sought. The money that could come from the Arab world would give Porsche some needed investment, as the company has 3.3 billion euro credit payment on the cards, and plans to increase its stake in the VW group by another 25 percent.

Only last month Porsche refinanced 10 billion euros of its debt, and is now seeking another 2.5 billion euros. Expanding its traditional sports car line to include additional (and successful) models such as the Cayenne and Panamera, has Porsche looking even more competitive. And that expansion is likely to require more funds.

Source | Autoblog.com

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