Porsche's controlling families agree to sell 25 per cent of shares
15 June 2009

The Gulf state of Qatar is moving closer to acquiring a 25 per cent stake in Porsche, after two of the company's controlling families gave their approval to a deal.

German newspaper Der Spiegel said Qatar and adviser Credit Suisse completed their due diligence on the stake plan last week.

See all the latest Porsche reviews, news and video

It also reported that the Porsche and Piech families have given their approval to the deal, even though they have previously never allowed outsiders to acquire any of it.

Porsche is under pressure to take outside investment as it has nine million Euros (£7.6 million) of debt, which it racked up during its ambitious but failed attempt to takeover VW.

Porsche declined to comment on the reports.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq
  • Audi Q7 e-tron
    First Drive
    16 October 2017
    Expensive and flawed but this understated diesel-electric Audi Q7 has a lot to offer
  • Citroën C3
    First Drive
    16 October 2017
    Is the third gen Citroën C3 ‘fresh and different’ enough to take on its supermini rivals? We spend six months with one to find out
  • BMW X3
    First Drive
    15 October 2017
    A satisfying rework of the X3 that usefully improves its handling, cabin finish, space and connectivity to make this BMW a class front-runner again
  • Vauxhall Insignia Country Tourer
    First Drive
    13 October 2017
    Off-road estate is now bigger, more spacious and available with torque-vectoring all-wheel drive, but is it enough to make its German rivals anxious?