June 04, 2009

The Gulf state of Qatar is still considering taking a stake in Germany's Porsche (PSHG_p.DE), its finance minister told Reuters on Thursday."Our government is interested in acquiring a stake in Porsche. When and how much, I don't know. We are always looking for opportunities in the car market," Youssef Kamal said on the sidelines of a conference in Russia.

Qatar's prime minister had told Reuters on May 30 that Qatar was considering taking a stake in debt-laden Porsche or other German auto companies after Porsche scaled down a bid for Volkswagen (VOWG.DE).Porsche, which holds nearly 51 percent of VW's voting stock, was forced in May to drop an attempt to seize full control of Volkswagen and instead seek a merger with Europe's biggest carmaker.