COMPANIES The dynasty behind Porsche on Friday agreed to sell a 10 per cent voting stake to Qatar Holding, opening up the sports car maker to outside investors as the first step towards a planned merger with Volkswagen, Europe’s largest carmaker.
In another move to cement what one analyst described as “the world’s most complex merger”, the Persian Gulf emirate will also take a key role at VW, acquiring a voting stake of 17 per cent by buying share options from Porsche it bought in its own attempt to take over VW.
