Stake Grabs by Foreigners That Are Spooking the Us
Evening Standard - London › September 21, 2007
Linked as:
Summary
AFTER a day of hectic activity in the markets yesterday, the London Stock Exchange acquired two major new shareholders. One was the Dubai Stock Exchange, which bought the 28% stake previously held by US Exchange Nasdaq.
The other was the Qatari Investment Authority, which had also wanted the Nasdaq stake and when it went elsewhere plunged into the market and bought a 20% stake in the LSE at almost 16 a share. So the London market is now almost 50% owned by two Middle East sheikdoms.See the full content of this document
Extract
Stake Grabs by Foreigners That Are Spooking the Us
But the other twist to the deal is as interesting. Dubai now plans to buy Scandinavian exchange OMX and immediately sell it to Nasdaq, thereby getting a 20% holding in the US exchange, which it will hold in addition to its London stake. Longer-term, a ...
See the full content of this document
Sponsored links
