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Qatar may take Porsche stake

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Qatar may take Porsche stake

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Porsche has confirmed that it is in exclusive talks to strike a deal with the Gulf state of Qatar that could ease its debt burden.

The Financial Times has reported the Qatar Investment Authority could take a 25 percent stake. The money raised could help repair Porsche’s tattered balance sheet Porsche has nine billion euros in net debt from its large investment in Volkswagen.