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Porsche to give Qatar VW shares
- Qatar: Thursday, June 25 - 2009 at 10:59
Porsche is advancing toward a deal with Qatar to give the Gulf state a shareholding in Volkswagen, Reuters has reported, citing sources with direct knowledge of the matter. Porsche, which owns roughly 50% of VW stock, is now prepared to surrender its right to buy about a fifth of Volkswagen's voting shares, the sources said. 'It looks as if Qatar will buy Volkswagen shares,' said one source.
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StaffThursday, June 25 - 2009 at 10:59 UAE local time (GMT+4)
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