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FINANCIAL NEWS
Qatar sells stake to bourse for USD442m
11 Jul 2014
(MENAFN) London Stock Exchange (LSE) has recently purchased five percent stake from Qatar for USD442.6 million, decreasing Qatar’s holding by a third, according to Gulf Daily News.
Qatar Holding, an investment house founded by the Gulf state’s sovereign wealth fund, said yesterday it had sold 13.62 million LSE shares.
Through the sale, Qatar could make twenty percent profit.
Qatar Holding, which also has investments in British bank Barclays, grocer J Sainsbury and oil firm Shell, said it did not expect to sell more LSE shares in the immediate future. It retains a stake of 10.3 percent.
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