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Qatar May Invest in German Car Companies-PM - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Qatar may invest in automotive companies, including German carmakers, as part of its sovereign investments, the country’s prime minister told the state-run Qatar News Agency late on Monday.

“We are looking into this issue, but we have yet to make a final decision on the matter,” Sheikh Hamad bin Jassem al-Thani said. “But there are meetings,” he said.

The Emir of Qatar has informed German sports carmaker Porsche of his interest in buying a stake in the company, Focus magazine reported last week, citing unspecified sources.

Qatar, the biggest shareholder in Barclays Plc, lowered its stake in the lender to 5.8 percent from just over 6 percent as a “technical matter,” Sheikh Hamad told the agency.

Abu Dhabi’s state-controlled IPIC said last month it bought a 9.1 percent stake in Daimler for almost 2 billion euros ($2.6 billion) via exchange-listed investment vehicle Aabar.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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