According to confirmed sources, German sports car maker Porsche SE held exclusive talks with Qatar Investment Authority, the investment arm of the government, has expressed interest in purchasing as much as 25% stake in Porsche, a move that would help the German automobile company to reimburse its current debt.

Albrecht Bamler, a spokesman for Stuttgart, Germany-based Porsche, informed that the negotiations with the Persian Gulf state were taking place in a "good atmosphere." Porsche's debt is believed to be around $12.5 billion after it used its stock options to buy Volkswagen last year.

Porsche has a 51% stake in its sister automobile company. Intimate sources from Porsche further informed that prior to talks with Qatar it had been in talks with other parties some weeks ago.

It is worth mentioning here that Porsche's discussions with Wolfsburg, Germany-based Volkswagen about a combination were disrupted after Ferdinand Piech, VW Supervisory Board Chairman, challenged Porsche's finances.

On the other hand, Youssef Kamal, Qatari Finance Minister said on June 4 that his government was ready to invest in Porsche; but he declined to stipulate a figure or a deadline.