Porsche takes a $47b loan out to bid for VW
While all the technical details escape those of us lacking any extensive knowledge of such heady financial topics, it's easy for us to understand that Porsche has to submit a slew of documentation to German regulators over the next four weeks in order to be reviewed, analyzed and approved before such a purchase could take place.
[Source: Reuters via Automotive News (Sub. Req.)]
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