Hans-Dieter Poetsch, chairman of Porsche SE, explained that the carmaker’s IPO will depend on market conditions.
Since 2012, the German brand Volkswagen has owned the Porsche brand. And the latter is preparing to take Porsche AG public in order to raise funds to finance its electric car projects, having already reached a framework agreement with Porsche for its IPO.
“As Four Seasons continues to grow and diversify its development pipeline in the Middle East, we are proud to be part of the development of The Pearl-Qatar, an innovative project that will perfectly complement our existing hotel in the city,” said Bart Carnahan, president, Global Business Development and Portfolio Management at Four Seasons Hotels and Resorts. “Four Seasons at The Pearl-Qatar offers a unique opportunity to be part of a community of residents and guests enjoying incredible on-site amenities and the unparalleled luxury service for which our company is known worldwide.”
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Featured photo : © Porsche
