Financial Times FT.com

Porsche plans to add €5bn to capital base

By Daniel Schäfer in Frankfurt and FT reporters

Published: July 22 2009 20:55 | Last updated: July 23 2009 00:50

Porsche plans to increase its capital base by at least €5bn ($7.1bn) in a move to bolster its sagging balance sheet ahead of a planned, though controversial, integration of carmaking operations with its German rival Volkswagen, the sports car group said early on Thursday morning.

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