UPDATE 1-Porsche to start $7 bln capital hike - sources


* To raise around 5 bln euros in equity capital * Capital increase is condition for merger with Volkswagen By Philipp Halstrick FRANKFURT, March 25 (Reuters) - Debt-laden German carmaker Porsche will start its planned 5 billion euro ($7.1 billion) capital hike in the next few days, two sources close to the deal said on Friday. The mammoth rights issue is a condition for a merger between Porsche and Volkswagen . The sources said the capital increase would raise a total of 2.5 ...

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