Porsche may renew 10 bln eur credit line in 2009


STUTTGART, Germany, Nov 26 (Reuters) - Porsche SE will most likely renew a 10 billion euro ($12.96 billion) credit line that expires at the end of March 2009, its chief financial officer said on Wednesday. "The question is what we would concretely need, but it would naturally be somewhat more expensive, that is clear," Holger Haerter said on the sidelines of the company's annual news conference. The credit line was initially granted by lenders in early 2007 for Porsche's mandatory bid ...

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