From Business Week 6/17/2009
DOHA, Qatar
Qatar will announce the details of the country's sovereign wealth fund's bid to buy into indebted German sports carmaker Porsche within two to three weeks, Qatar's prime minister said. Sheik Hamad Bin Jassem Al Thani refused to confirm reports that the Qatar Investment Authority is eying a 25 percent stake in Porsche Automobil Holding SE, saying that the investment fund is still in the negotiating stage about the stake. In a meeting Tuesday night with businessmen in the Qatari capital, Hamad said the QIA and Porsche are legally bound to not disclose details for now. But "within two or three weeks, the picture will become clearer," the prime minister added.

Stuttgart-based Porsche has been seeking an investor to help alleviate debt it ran up as it increased its stake in Wolfsburg, Germany-based Volkswagen. Porsche owns nearly 51 percent of Volkswagen and wants to set up an integrated company. The QIA is the small, energy-rich state's primary investment vehicle. Unlike other Gulf Arab sovereign wealth funds, it has not invested heavily in carmakers.