Qatar accumulates a 17 percent voting stake in Volkswagen

Qatar will be taking a seat on Porsche Automobil Holding SE’s supervisory board after having accumulated a 17% voting stake in Volkswagen AG. This move highlights the more active role that the Gulf state aims to have in the German auto industry.

Furthermore, the shift caused VW to replace its freely traded ordinary shares on Germany’s blue-chip index by its preferred shares. The change is effective Dec. 23. VW is also set to issue new preferred shares under a capital increase during the first half of 2010. After exercising options in VW, Qatar Holding LLC now holds 17%, up from 6.8%, in Volkswagen’s share capital. In a statement, Ahmad Al-Sayed,
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M53R - 12/23/2009 10:08:46 AM

-1 Boost

I wish you would stop being racist.

America - 12/21/2009 5:21:24 PM

+3 Boost

It is yet another step in the colonization of Europe. This new style of invasion and conquest preys on the West's openness and tolerance. A modern Charles Martel is needed: some one who understands that the rules of the game have been changed and that Europe is under a focused and intense attack by way of colonization and displacement.

Maybe Geert Wilders?

DWolff - 12/22/2009 3:32:02 AM

+1 Boost

Yeah, America FTW!!

dhkss2002 - 12/22/2009 11:48:10 AM

-2 Boost

Ha ha,it hurts doesn't it America?