Qatar’s finance minister has told Reuters that the Gulf state is still considering buying a stake in Porsche.
“Our government is interested in acquiring a stake in Porsche. When and how much, I don’t know. We are always looking for opportunities in the car market,” Youssef Kamal said.
On May 30, Qatar’s prime minister told Reuters that it is considering buying a stake in Porsche or other German automakers. Lower Saxony, which owns 20 percent of the voting rights in Volkswagen said it would be open to an Arab investor buying a share in Volkswagen.
Porsche holds 51 percent of Volkswagen’s voting stock and was forced in May to drop an attempt to take full control of the largest German automaker.
Abu Dhabi recently purchased a 9.1 percent stake in Daimler for $2.5 billion.
– By: Omar Rana