Qatar May Increase Stake in VW After Porsche Merger

Qatar wants to increase its stake in Volkswagen AG after the German carmaker completes its takeover of Porsche SE, an executive at the emirate’s investment agency board said.

“If they give me the opportunity, I will,” Hussain Al- Abdulla, a Qatar Investment Authority board member, said today in an interview at the Doha Business Roundtable, when asked whether the emirate plans to expand its holding after the German manufacturers combine.

Volkswagen, Europe’s biggest automaker, rose to a 12-day high in Frankfurt trading. Qatar already has 10 percent of the voting rights in Porsche, the maker of the 911 sports car, and options that will give the Persian Gulf state 17 percent of Wolfsburg-based Volkswagen as part of the carmakers’ merger agreement last month.