Porsche is planning a share sale worth about €5 billion, Financial Times reports. A consortium of banks, led by Deutsche Bank, Morgan Stanley and JPMorgan, will underwrite the new shares. Porsche may sell a total of 131.6 million ordinary and preference shares to acquire a total of €5 billion at the planned price. The proceeds from the capital increase will be used by the German sports car maker to repay its €6.34 billion debt.

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