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Qatar Holding confirms $10bn investment in Porsche
As part of the deal, Porsche will...
August 15, 2009 6:48 by Aarti Nagraj
Qatar Holding announced that it has reached a final agreement with the family shareholders of Porsche on its $10 billion investment in Volkswagen (VW) and Porsche. Under the agreement, Qatar Holding is planning to acquire 17 percent of VW shares to become its third largest shareholder. The company will also acquire a 10 percent shareholding in Porsche and will provide the carmaker with financing for its syndicated loan facility.
As part of the deal, Porsche will also establish research and development and testing facilities in Doha.