US hedge funds set to relaunch legal fight to Porsche/VW deal

Arabian Business – US hedge funds are likely to relaunch a legal bid targeting a planned merger between carmakers Porsche and Volkswagen, both of which Qatar Holding owns a minority stake in, VW’s finance chief said.

“There is a high probability that the merger will be completed with Porsche, but we still have to remove some hurdles,” Hans Dieter Poetsch told reporters on the sidelines of an event in Riyadh.

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