While the Mosley-FIA-FOTA “soap opera” is off the interwebs for a few days at least, the Porsche-Volkswagen tug of war simply refuses to lie down. In the latest twist, it is reported that the Gulf state of Qatar has offered Euros 7 billion for a stake in Porsche and its options in Volkswagen AG. The offer from Qatar investment authority will include about 25% stake in Porsche Automobil Holding parent company and will encompass its holdings in Volkswagen as well.
It is believed that VW has offered Euros 4 billion to Porsche for a 49.9% stake in its car making operations. Controllers of Porsche, the Peich and Porsche families have scheduled a meeting for July 23 to discuss both the bids.
Via: Autocar
