Qatar Sells Part Of Volkswagen Stake, Raises 1.5 Billion EUR
Posted on 11/10/2009
The Qatar Investment Authority (QIA) sold 25 million preference shares in German automaker Volkswagen AG, raising 1.5 billion EUR. QIA still plans to retain its voting stake in Volkswagen. “Volkswagen remains a key investment asset for (the fund) and we have been pleased with our investment in Volkswagen so far,” Qatar Holding said.
