RLPC-Porsche takes 35 bln euro loan for Volkswagen buy


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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Feb 22, 2018

2018 Wards 10 Best Engines Ceremony

Today, WardsAuto begins posting videos from the 2018 Wards 10 Best Engines celebration, held during the North American International Auto Show. In this segment, editors Drew Winter and Tom Murphy kick off the event. Beginning tomorrow, videos with each winning automaker's acceptance speech will begin posting, one daily, in alphabetical order....More


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