Porsche seeks to keep VW deal alive with cash call

Newswire

* Delevering balance sheet a key hurdle for VW merger * Rights issue success seen at 38 euros/share price * Porsche shares down 2.9 pct at 54.57 euros By Christiaan Hetzner FRANKFURT, March 28 (Reuters) - Porsche SE is driving ahead with a 5 billion euro rights issue in an attempt to keep hopes of a merger with carmaker Volkswagen alive by paying off a chunk of its heavy debts. Investors took the planned capital hike in their stride and shares in the sports car maker fell by just 3 ...

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