| The collapse in Volkswagen’s share price as a result of the widening emissions scandal has cost Qatar’s sovereign wealth fund more than £3.3bn, according to calculations seen by The Telegraph. Qatar Holdings – a subsidiary of the Qatar Investment Authority (QIA) – is the third largest shareholder in the German car manufacturer, with a 17pc stake, after Porsche and the German state of Lower Saxony.
As a result of VW’s 34pc share price fall last week, more than €20bn (£14.7bn) has been wiped off the value of the car company. In the last week alone Qatar Holdings has seen almost £2.8bn wiped off the value of its portfolio mainly due to losses in Volkswagen following the revelations that it had allegedly cheated US emissions tests for its diesel cars...............................................Full Article: Source
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