According to a German magazine quoted by Autonews, the three parties involved keep a tight lid on the subject, as neither made any comments regarding the news. Together with the news itself, the lack of reaction from the parties involved, making trade analyst confident the ordinary shares of the German manufacturer will keep going down.
"Volkswagen ordinary shares are going to fall further, that is practically a done deal," a Frankfurt-based trader was quoted as saying by the source.
Last week, Porsche announced it is selling assets worth billions of euros to Qatar to help the German company get back on track. According to the agreement between the two parties, Qatar would pay in excess of 7 billion euros for a 10 percent voting stake in Porsche plus most of the German sports car maker's cash-settled options for a stake in VW.
According to Manager Magazin citing undisclosed sources, Qatar has also bought from Porsche options on 50 percent of VW's non-voting preferred shares, for 63 euros each. For the ordinary shares, Qatar is said to have paid 80 euros per share.
Even so, analysts say it is a good idea to buy VW shares, as the valuation gap between ordinary and preference VW shares will narrow over time.