UPDATE 1-Porsche to post up to 5 bln eur loss in FY2008/09


* To raise 1 bln eur cash through sale of VW derivatives * Sale would lead to substantial non-cash book loss * Porsche shares up 1.6 pct (Adds details, background) FRANKFURT, July 29 (Reuters) - Indebted automotive holding Porsche SE expects to post a pretax loss of up to 5 billion euros ($7.1 billion) for its current fiscal year due to an expected non-cash book loss from the sale of cash-settled options in Volkswagen stock. Porsche said on Wednesday that it was in advanced talks ...

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