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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar, Germany to expand co-operation

Posted on 02 November 2010

From Gulf-times.com: Qatar’s sovereign wealth fund has major investments in Germany, holding 17% of carmaker Volkswagen and 10% of Porsche, and in recent weeks there have been unconfirmed reports that Berlin has urged Qatar to buy into a construction group, Hochtief.
Sources said that Chancellor Angela Merkel had quietly signalled backing for Hochtief’s efforts to find new investors to fend off an unwanted takeover from Spanish group ACS. But Merkel does not want to take a public stance against ACS, a company in the European Union, or get involved directly…………………………………….Full Article: Source


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