Qatar Acquires 17% of VW

Qatar Holding is a 'long-term strategic investor.'

Qatar Holding LLC said on Dec. 18 it had completed the planned acquisition of approximately 17% of German automaker Volkswagen.

"After settlement of the transaction and together with the approximately 6.8% of the ordinary share capital of VW acquired in August 2009, Qatar Holding now holds approximately 17% of the ordinary share capital in VW."

Qatar Holding CEO Ahmad al-Sayed was quoted as saying that, "as a long-term strategic investor, we continue to believe that the investment in VW and the envisaged combination of Porsche SE and VW represents a unique investment asset for Qatar Holding."

Copyright Agence France-Presse, 2009

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