Wednesday 28 September 2011

Qatar Holding Plans to Assist Volkswagen With Porsche Merger - Bloomberg

Qatar Holding LLC, the third- largest investor in Volkswagen AG (VOW), will work with VW to assist in its integration with Porsche SE after the merger between the two carmakers planned for this year fell through.

VW’s goal to combine with Porsche by the end of 2011 has been held up by lawsuits in the U.S. and an investigation by German prosecutors linked to Porsche’s botched effort to buy VW.

“If there’s now a different way, we may as well try to help to make it happen,” Ahmad Mohamed Al-Sayed, chief executive officer of the foreign investment arm of the Gulf country’s sovereign wealth fund told reporters in Berlin today.

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