QIA buys into OMX

QIA buys into OMX

The state-owned Qatar Investment Authority (QIA) has acquired a 9.98% stake in Nordic and Baltic market operator OMX.

The QIA is thought to have bought the OMX stock yesterday, shortly after Nasdaq and Borse Dubai released details of a deal to buy the Nordic and Baltic market operator.

Yesterday Nasdaq and Borsa Dubai unveiled a pact that will clear the way for the US exchange to secure control of Sweden's OMX. In return Dubai will get a stake in its business and buy most of its shareholding in the London Stock Exchange (LSE).

Earlier this week QIA was rumoured to be in the running to buy Nasdaq's LSE stake. following disclosure Nasdaq's deal yesterday the LSE released a statement saying that QIA had acquired a 20% shareholding in the exchange.

QIA is thought to have paid around £633 million, or £15.85 per share, to American hedge fund Paulson and investor Samuel Heyman, which both held 10% stake in the LSE.

Comments: (0)