Bloomberg News

Qatar Holding Negotiates Buying a Stake in Qatar Automotive

January 24, 2012

Jan. 24 (Bloomberg) -- Qatar Holding LLC, an investment unit of the country’s sovereign wealth fund, is in negotiations to purchase a stake in Qatar Automotive Gateway, Qatar Automotive Chairman Ghanim Bin Saad Al Saad told reporters in the Qatari capital Doha.

Qatar Automotive was formed last year and plans to start an automotive parts operation in the Persian Gulf emirate, according to the company’s website.

--Editors: Tim Farrand, Peter Woodifield

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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