Porsche confident to close VW deal by 2011

* Porsche chairman sees no stumbling blocks for VW deal

* Porsche shares close down 1.8 percent

The chairman of German sports car maker Porsche (PSHG_p.DE), Wolfgang Porsche, is confident that a deal with Volkswagen (VOWG.DE) can be wrapped up within the next two years, he told Reuters on Monday.

I am very confident, that we will conclude the deal by 2011, he said on the sidelines of an industry event. He said he forsaw no stumbling blocks.

Porsche said in August it would sell a 42 percent stake in Porsche AG, its healthy sports car business, to VW for 3.3 billion euros ($4.80 billion) as part of a multi-stage deal to integrate the two companies by 2011. [ID:nLD542863]

It also sold a package of cash-settled options on VW shares to the Gulf state of Qatar.

Porsche shares closed down 1.8 percent at 49.010 euros on Monday, while Volkswagen shares ended 2.1 percent lower at 125.20 euros.

(Reporting by Edward Taylor, Arno Schuetze; writing by Eva Kuehnen; editing by Leslie Gevirtz)