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
