UPDATE 1-Porsche loan application rejected by KFW

Newswire

* Porsche 1.75 bln loan application at KFW rejected * Porsche says will seek alternate ways of financing * Porsche says will not apply for new loan at KFW * Porsche shares up 4 pct (adds detail, background) FRANKFURT, June 30 (Reuters) - Porsche Automobil Holding SE will seek alternate ways of refinancing its debt after German state-controlled bank KFW [KFW.UL] officially rejected a 1.75 billion euro loan application, Porsche said. Porsche has struggled to get loans to refinance ...

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