Qatar Holding, the strategic and direct investment arm of Qatar Investment Authority, and NYSE Euronext today announced the signing of binding agreements to form a major strategic partnership which will establish Qatar Exchange (successor to the current Doha Securities Market) as a world-class international exchange, and provide NYSE Euronext with a valuable presence in the Middle East.
The successful closing of negotiations follows a preliminary announcement on 24 June 2008 that Qatar had selected NYSE Euronext as a partner.
Highlights:
The binding agreements represent the formal closing of negotiations to enter into a strategic partnership between the State of Qatar and NYSE Euronext;
NYSE Euronext is taking a 20 per cent stake in QE for $200m, the largest investment ever made by NYSE Euronext in a foreign exchange;
QIA to retain 80 per cent of QE through its strategic and direct investment arm, QH. The new exchange will be overseen by a newly appointed board, to
This article is only available in full to Complinet Complete UK and Europe or Middle East Subscribers who are logged in.
Please log in to see if you can view this content.
