SWF Radar

Qataris set sights on bigger slice of the London Stock Exchange

Posted by Editor on February 03, 2008 at 07:51 AM

The Independent reports that, “The Qatar Investment Authority is understood to want to increase its stake in the London Stock Exchange, possibly by trying to buy the holding owned by its rival, [Borse Dubai]. Sources close to the exchange say that Qatar, which owns a 14 per cent shareholding, is interested in picking up Dubai’s 20 per cent stake, which it bought last year from Nasdaq after the US exchange’s failed bid for the LSE.”

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