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Sovereign Wealth Funds Briefing - Categorized | Market

Qatar backs VW, Porsche deal as car makers review merger options

Posted on 28 September 2011

Ahmad Mohamed Al-SayedSovereign wealth fund Qatar Holding LLC said Tuesday it continues to support Volkswagen AG’s and Porsche Automobil Holding SE’s plan to forge a combined company after the two German auto makers were forced to review their initial merger agreement due to persistent legal issues.
“We’re working with them [...] It’s a matter of time [for the combination to happen],” Qatar Holding Chief Executive Ahmad Mohamed Al-Sayed said on the sidelines of a conference in Berlin……………………………………….Full Article: Source


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