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Tuesday, Oct 1
NYSE completes sale of Qatar Exchange stake
- Qatar's sovereign wealth fund purchases NYSE Euronext's (NYX, ICE) 12% stake in Qatar Exchange for an undisclosed price. NYSE originally purchased a 20% stake for $200M four years ago. In the time since, the partnership has assisted in doubling the bourse's market cap along with MSCI's decision to upgrade the exchange to emerging market status from frontier.
- NYSE sold the initial stake after regulators barred its merger with Deutsche Boerse last year, and is completing the sale as it preps its merger with IntercontinentalExchange.