| Kippreport.com

Rocky road–Porsche loses investment appeal as VW merger skids

September 11, 2011 12:15 by Reuters

…the VW chairman, Ferdinand Piech, is a major shareholder of Porsche.

Merging VW and its 19 billion-plus euros in net cash with a much smaller Porsche weighed down by 1.5 billion in net debt is a tough deal to sell to VW’s preferred shareholders, who must approve the deal by an 80 percent majority. ($1 = 0.714 Euros) (By Christiaan Hetzner; Additional reporting by Edward Taylor; Editing by David Cowell)

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