UPDATE 1-Porsche says Qatar unlikely to increase stake

Newswire

(Adds detail, quotes) DOHA, Jan 26 (Reuters) - Qatar is unlikely to raise its 10 percent stake in German automaker Porsche though it is in talks on potential cooperation in several areas, a top company official said on Wednesday. The Gulf Arab state, through its sovereign wealth fund Qatar Investment Authority, bought a 10 percent stake in Porsche for $10 billion in September 2009. Porsche SE is to be subsumed into Volkswagen's empire, with shareholders set to receive stock in Europe's ...

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