DUBAI, Dec 4 (Reuters) - NYSE Euronext, the
transatlantic exchange, reduced its ownership in Qatar stock
exchange by selling an eight percent stake to the Gulf state's
sovereign wealth fund, the Qatar bourse said in a statement on
Tuesday.
Qatar Holding, the investment arm of the Gulf Arab state's
sovereign wealth fund, now owns an 88-percent stake in the
Doha-based bourse, with NYSE Euronext holding the remaining
12-percent stake, the statement said, without giving any
financial details.
The owner of the New York stock exchange had bought a
20-percent stake in the Qatar Exchange in 2009 for $200 million
as part of a strategic agreement to transfer knowledge and
develop the local exchange.
Source: http://news.yahoo.com/nyse-euronext-cuts-stake-qatar-exchange-12-pct-115936111--sector.html
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