REFILE-UPDATE 2-Porsche to raise $7 billion in capital--source

Newswire

(Refiles to add dropped word not in 7th paragraph) * To raise around 5 bln euros in equity capital * Capital increase is condition for Volkswagen merger * Porsche, underwriting banks decline comment (Adds background, no comment from Porsche and banks) By Philipp Halstrick and Edward Taylor FRANKFURT, March 25 (Reuters) - Debt-laden German carmaker Porsche will begin a 5 billion euro ($7.1 billion) capital increase in the next few days, clearing the way for a merger with Volkswagen, ...

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