Arab Today, arab today qatar holding sells 10 stake in porsche
Last Updated : GMT 15:39:00
Arab Today, arab today
Arab Today, arab today

Oil-rich emirate keeps hold of VW share

Qatar Holding sells 10% stake in Porsche

Arab Today, arab today

Arab Today, arab today Qatar Holding sells 10% stake in Porsche

Porsche shareholders meeting in Leipzig, Germany
London - Arab Today

Porsche shareholders meeting in Leipzig, Germany The oil-rich emirate of Qatar said on Monday it was selling its 10-percent stake in Porsche Automobil Holding SE (PSE) but would keep its 17-percent of Volkswagen, which owns the luxury brand Porsche.
The sale by Qatar means that \"all of Porsche SE\'s common stock is now again held by the Porsche and Piech families,\" said Porsche supervisory board chairman Wolfgang Porsche.
\"This is an expression of our confidence in the prosperous future of Porsche SE as the largest shareholder of Volkswagen AG. We are looking forward to continue working with the Qatar Holding as strategic shareholders of the integrated automotive group.\"
Sovereign wealth fund Qatar Holding LLC said that the sale was the logical consequence of VW\'s takeover of Porsche AG last year.
PSE owns 50.7 percent of the VW Group, which in turn owns Porsche AG and many other brands.
Qatar said in a statement it had agreed with family shareholders to sell its PSE shares to them, without naming an amount.
\"This transaction results as a logical step after the creation of the Integrated Automotive Group between Volkswagen and Porsche AG as finalised in 2012,\" it said.
Qatar remains the third-biggest shareholder in VW, Europe\'s biggest auto maker, after PSE and the German state of Lower Saxony.
Ahmad Al-Sayed, CEO of Qatar Holding, said: \"As a long-term strategic investor, we believe that Volkswagen represents a unique investment and we are pleased to have played an integral role in bringing Volkswagen and Porsche AG together.

arabstoday
arabstoday

GMT 13:23 2017 Monday ,25 September

ABB to acquire GE Industrial Solutions

GMT 10:32 2017 Monday ,25 September

China rust belt opens door wider to foreign investors

GMT 15:23 2017 Sunday ,24 September

Saudi Arabia to include low-cost Flyadeal

GMT 08:17 2017 Sunday ,24 September

Brexit weighs heavy at Irish farming fair

GMT 08:07 2017 Sunday ,24 September

Petrol prices pumped up in Pyongyang

GMT 08:45 2017 Saturday ,23 September

Russia keen on more OPEC cooperation
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar holding sells 10 stake in porsche Arab Today, arab today qatar holding sells 10 stake in porsche

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar holding sells 10 stake in porsche Arab Today, arab today qatar holding sells 10 stake in porsche

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday