RLPC-Porsche takes 35 bln euro loan for Volkswagen buy

Newswire

LONDON March 29 (Reuters) - German sports car maker Porsche is raising a 35 billion euro syndicated loan to finance its takeover bid for Volkswagen , according to the arranging banks. Porsche has appointed ABN AMRO, Barclays Capital, Merrill Lynch, UBS and Commerzbank as mandated lead arrangers on the credit. Porsche's takeover bid was triggered after it increased its shareholding in Volkswagen ordinary shares to 30.94 percent -- over the 30 percent threshold that prompts a full takeover ...

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