Qatar Holding buys NYSE Euronext out of Qatar Exchange
October 01, 2013 - 2:59:50 pm
DUBAI: Qatar Holding, the investment arm of the country's sovereign wealth fund Qatar Investment Authority (QIA), has bought NYSE Euronext's 12 percent stake in Qatar Exchange, the Doha-based bourse said in a statement on Tuesday.
The deal, for which a price was not revealed, makes Qatar Holding the sole owner of Qatar Exchange, which operates the country's securities market.
QIA and NYSE Euronext signed a strategic partnership in June 2009 aiming to develop Qatar Exchange into a world-class market; the buyout coincides with the partnership's objectives being achieved, the statement said.
Cooperation between Qatar Exchange and NYSE Euronext will continue in different fields including technology and expertise, it said. (Reuters)