White & Case Advises Qatar Holding on the Sale of 10 Percent Stake in Porsche
Global law firm White & Case LLP has advised Qatar Holding LLC (Qatar Holding), the strategic and direct investment arm of the Qatar Investment Authority, on the sale of its 10 percent stake in the ordinary shares of Porsche Automobil Holding SE (PSE) to the Porsche and Piëch families.
The transaction, which has been completed four years after Qatar Holding first invested in the PSE in 2009, returns all ordinary shares to the Porsche and Piëch families and is a logical step following the creation of the Integrated Automotive Group between Volkswagen and Porsche AG, which was finalized in 2012.
Qatar Holding remains fully committed to the Integrated Automotive Group through its 17 percent in Volkswagen AG ordinary shares and additional preference shares, thus remaining the third largest shareholder alongside PSE and Lower Saxony.
The White & Case team was led by M&A partner Prof. Dr. Roger Kiem (Frankfurt) and supported by Frankfurt-based local partners Dr. Andreas Wieland and Dr. Matthias Kiesewetter and associate Carola Glasauer.
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