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Qatar sells back its stake in Porsche

The German family shareholders of Porsche got their keys back yesterday when Qatar's sovereign wealth fund sold its 10 per cent stake in the car marque's owner back to its founders.

Qatar Holding had bought into Porsche in 2009 in a €7bn (£6bn) deal. All the common stock is now again held by the Porsche and Piech families. The company is also the biggest shareholder in Volkswagen.