Qatar may be investing in Porsche/Volkswagen

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Porsche and Volkswagen are owned by members of the same family, but strained family relations and the fact that Porsche has not been able to get a majority stake in VW due to its own financial problems means that it is open to outside buyer interest. And a very interested buyer is The Qatar Investment Authority.

QIA may buy up to 25 percent stake in Porsche which is the parent company of VW. Porsche owns 50 percent of VW, but its attempts to become a majority stake holder by buying 75 percent came to naught because it could not come up with the money.

If Porsche had been able to finance its attempt, it would have been able to refinance its debt through its own company, but as it was unsuccessful it had to apply to the German government for a 1.75bn euro emergency loan.

Qatar already owns 27 percent stake in Sainsbury’s and 15 percent of the London Stock Exchange and would like to enter the auto space through this deal. Qatar would hope to establish a development and training center along with Porsche for the development of electric vehicles just as Daimler and Aabar (of Abu Dhabi) have done.