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Porsche might give VW options to Qatar for free
- Qatar: Wednesday, July 15 - 2009 at 09:03
Porsche may hand over its Volkswagen options to Qatar for free, to remove liabilities tied to the derivatives and clear the way for investments from VW and Qatar, Bloomberg has reported citing three people familiar with the situation. Qatar would then pay about €5bn ($7bn) to banks that sold Porsche the call options. Qatar would get shares equal to 20% of Volkswagen. Porsche may get a nominal payment from the transaction.
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