Prosecutors raid Porsche in VW share probe
German prosecutors raided Porsche's headquarters on Thursday after financial market regulator Bafin filed charges with the Stuttgart prosecutor's office in connection with suspected market manipulation relating to Volkswagen shares.
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Bafin declined to comment on whether specific individuals were being investigated or comment on the exact period under investigation.
VW's majority shareholder Porsche, which tried in vain to take over Europe's biggest carmaker, said prosecutors had searched its offices and seized documents.
http://www.bi-me.com/main.php?id=39748&t=1&c=35&cg=4&mset=1011
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Porsche said last week that it was selling assets worth billions of euros to Qatar in a move to prop up its strained finances, marking a climbdown for a predator that had once sought to dominate Volkswagen.
Qatar said at the time its total investment in the deal - in which it was buying a 10 percent voting stake in Porsche plus most of the German sportscar maker's cash-settled options for a stake in VW - would top 7 billion euros ($9.87 billion).
http://www.arabianbusiness.com/565353-qatar-paid-80-per-vw-ordinary-shar...
Emm..english only here. :)
Check PM
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unde esti draga Dracula in ce zona locuesti?
But is Qatar actualy investing in VW or Porsche ?
I think in the long run, the investment is with VW and that should be a sound investment.
Bad investition for Qatar!
Buying "Titanic" while sinking...not a good business!
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They are looking into allegations of insider trading. German authorities have bee pissed off with Porsche after their money making stunts of last year.