Several organizations intend to be in Porsche

In addition to the Qatar sovereign wealth fund, which has been confirmed by Porsche, three other funds have also been interested in buying a stake in Porsche, the German luxury sports car maker, the German Focus magazine reported 4th. The three funds were sovereign wealth funds of China and Russia and a hedge fund, the report quoted sources as saying.　　But a Porsche spokeswoman declined to comment. On June 9, Porsche publicly said it was negotiating with the Qatar Investment Authority, the Qatari sovereign fund management Agency, that it might sell some of its stake to ease current capital pressures.　　In the same month 29th, after Porsche announced its rejection of VW's merger proposal, analysts said the opportunity for cooperation with the Qatari Investment Authority was further increased. Porsche, which had been trying to buy VW, was in financial crisis, affected by the financial crisis. In the process of increasing VW's stake to about 51%, Porsche was saddled with 9 billion euros in debt. To this end, Porsche is seeking external investment to ease the pressure of capital. (according to Xinhua)