Qatar offered about ¤7 billion ($9.8 billion) for a stake in Porsche SE and stock options in Volkswagen AG, the weekly magazine Spiegel said in a preview of its next edition, without saying where it got the information.
The Qatar Investment Authority offered to buy a stake of just more than 25 per cent in Porsche Automobil Holding and options that can be converted into VW shares, according to Spiegel.
Sebastian Hoyle, an external spokesman for QIA at Citigate Dewe Rogerson in Doha, didn’t immediately reply to a voicemail message left on his mobile phone outside of office hours on sunday.
