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Qatar Shell-Seimens

Qatar stakes in Siemens, Shell reflect drive to step up development

State seeks stakes in companies pegged for role in its domestic development; Sees strong long-term outlook for commodities; Turns towards energy, diversifying bank, property-heavy portfolio

May 24, 2012 2:19

Qatar amasses €2.4 billion stake in Siemens

Doha Insurance Company exceeds 3 percent threshold on May 7; Qatar adds Siemens to portfolio of German holdings; Already owns stakes in Volkswagen, Porsche SE and Hochtief; Shares down 1 percent, lag European sector index

May 17, 2012 11:16