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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar sells Porsche stake

Posted on 19 June 2013

Qatar Holding, the investment arm of the Gulf state’s sovereign wealth fund, has decided to sell its 10 percent shareholding in Porsche Automobil Holding SE (PSE). However, the sovereign fund will retain its 17 percent stake in Volkswagen, Europe’s biggest auto maker.
The luxury Porsche brand is owned by Volkswagen. After the sale, the Porsche and Piech families would once again own all of Porsche’s common stock. Qatar Holding has decided to sell its share in the company after Volkswagen’s (VW) takeover of Porsche last year………………………………………..Full Article: Source


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