A Gulf Porsche could be back - with a twist
Qatar could become the owner of a quarter of Porsche if a deal to sell a 25 per cent stake the sports car maker to the Gulf state goes through.
Porsche boss Wendelin Wiedeking is currently in talks with the state-owned Qatar Investment Authority (QIA). According to the Financial Times, the QIA is already assessing Porsche's company accounts and a deal could be finalised within weeks.
The move comes hot on the heels of news that Porsche is looking for a 1.75 billion euro state loan to help refinance some of the 2.5 billion euros of debt it racked up in its now aborted attempt to take overall control of the VW group.
Both the QIA and Porsche declined to make any official comment, but the Qatari prime minister has gone on record as saying that Qatar was looking at the possibility of investing investing in Porsche - or another German car maker.
If the deal goes through, of course, it will put an entirely new slant on the idea of a Gulf-sponsored Porsche...
![](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 4 3"%3E%3C/svg%3E)
![](data:image/svg+xml,%3Csvg xmlns="https://www.w3.org/2000/svg" viewBox="0 0 1 1"%3E%3C/svg%3E)