The Qatar Investment Authority, which owns 10.4% of Volkswagen and controls about 17% of its voting rights, opposed the deal because the partner was an Israeli company.
The project could have helped save around 2,300 jobs at the Osnabrück factory, where vehicle production is scheduled to end in 2027. Volkswagen confirmed that its Qatari shareholder blocked the proposed cooperation and said it is now exploring alternative partnerships for the site.
A separate $4.2 billion plan for German shipping giant Hapag-Lloyd to acquire Israeli shipping company ZIM is also unlikely to proceed. In that case, Israeli officials opposed the sale, arguing it could put a strategically important national asset at risk during a national emergency. Defense Minister Israel Katz said the sale “would not protect Israel’s security interests.”
Hapag-Lloyd has significant Gulf state shareholders: Qatar’s sovereign wealth fund owns 12.3%, and Saudi Arabia’s sovereign wealth fund owns 10.2%.

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