25% of HWA AG sold to Qatar
The Qatar based Nasser bin Kahle Holding has purchased a 25-percent share of HWA AG. This was announced by the car-racing expert that ran – inter alia – a four-car Mercedes-Benz team in the past DTM season – in a press release.
The holding of the investor from Qatar assumes its shares from shareholders Hans Werner Aufrecht, ‘Dörflinger Privatstiftung’ and former rally driver Toto Wolf’s company marchsixteen, who all dispose of HWA AG shares. The two board members Hans-Jürgen Mattheis and Gerhard Ungar, however, won’t sell their shares.
”With NBK Holding, we found a top-class partner for the Arabian region,” board spokesman Hans-Jürgen Mattheis praised the strategic transaction. “A partner that has not only got an extraordinary car-racing affinity alone but also can look back on a 50-year business connection with Mercedes-Benz.”
NBK Holding, founded in the early 1950s in Doha, Qatar, by Sheikh Nasser Bin Khaled, is one of the most important industry and trading conglomerates in the Arabian region. Today, the group is directed by holding CEO Sheikh Nawaf Nasser Bin Khaled Al -Thani and is not only one of the biggest regional Mercedes-Benz dealers and importer of other car and motorbike brands. At the same time, it also operates in numerous other business segments, such as real estate, luxury and consumer goods as well as the areas energy, technology and communication.
