Saviors from the Orient: Qatar Investment Authority Snaps Up VW Stake

To those who thought sovereign wealth funds (SWFs) would hibernate until the end of the global recession, Qatar Investment Authority (QIA)'s involvement in the VW-Porsche megamerger is a strident wake-up call. Qatar has agreed to provide a EUR750mn loan to Porsche, which became saddled with EUR10bn in debt in its attempt to bid for VW. QIA was also expected to receive a 17% VW stake as part of a transaction with Porsche to take over options that can be converted into VW shares.

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