Berlin calls off meeting on Porsche loan-paper

Newswire

FRANKFURT, June 24 (Reuters) - Porsche's chances of obtaining state aid have dwindled after a government panel cancelled a meeting scheduled for Friday to discuss a possible loan for the sportscar maker, German daily Stuttgarter Nachrichten reported. The newspaper cited a spokesman for the German economy ministry as saying there was no more basis for discussions after state bank KfW [KFW.UL] rejected Porsche's request for a 1.75 billion euro ($2.5 billion) loan last week. Porsche racked ...

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