Porsche Reiterates Co Got Offer From Qatar

Porsche Automobil Holding SE (PAH3.XE) reiterated Monday it has received an offer for a capital injection from Qatar Investment Authority after the governor of the German state of Lower Saxony, Christian Wulff, earlier Monday described related reports as nonsense.

"Mr. Wulff wasn't involved in the negotiations [between Qatar and Porsche]," Porsche spokesman Frank Gaube said, adding that both Porsche and Qatar are interested in forging an integrated company with Volkswagen AG (VOW.XE).

"Therefore there is no reason to get upset," he said.

Read Full Article from Wall Street Journal

- Posted: 2009-07-13 10:20:33

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