VW plans to raise $5.7bn

Discussion in 'Stocks' started by ASusilovic, Jul 27, 2009.

  1. Volkswagen, Europe’s largest carmaker, is eyeing a capital raising of up to €4bn ($5.7bn) as part of a plan to buy Porsche. Last week the Piëch and Porsche families ended months of feuding by agreeing to fold the German sports carmaker into VW. But ratings agencies have warned that Porsche’s high debt load – more than €10bn of net debt - could undermine VW’s credit profile.


    Hum...Porsche, the only German hedge fund - is "nationalized" by VW...:D