Volkswagen, Europe's largest carmaker, is examining a capital raising of up to €4bn ($5.7bn) as part of a plan to buy Porsche, the Financial Times has learnt.
Last week the Pi?ch and Porsche families ended months of feuding over a rescue of the German sports car maker, which has amassed more than €10bn of net debt, by agreeing to fold it into VW.
“Volkswagen is planning to buy Porsche's sports car business as fast as possible and, to finance this, they are thinking about strengthening their capital base,” a person familiar with the situation said.
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