Wednesday 30 July 2014

Qatar Holding sells 10pc stake in Porsche

Doha, June 17, 2013

Qatar Holding, the investment arm of the country's sovereign wealth fund, has sold its 10 per cent stake in Porsche to the luxury automaker's family shareholders, Qatar Holding said in a statement on Monday.
Qatar Holding said it sold the stake to the Porsche and Piëch families; it did not disclose the value of the transaction. The sovereign fund arm said it remained committed to the Integrated Automotive Group through its 17 per cent stake in Volkswagen AG.-Reuters

Tags: Porsche | Stake | Qatar Holding |

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