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J.P. Morgan takes equity stake in Dubai Mercantile Exchange

Posted on 15 October 2008

From Wam.org.ae: J.P. Morgan has taken an equity stake in the Dubai Mercantile Exchange Limited (DME) joining a number of other leading global financial institutions and energy trading firms, including Goldman Sachs, Morgan Stanley, Vitol, Concord Energy, Casa Energy Trading, and a Shell Group company, who were announced as strategic investors in the DME in early August.

DME’s Board of Directors approved the issuance of an equity stake of up to 20% to strategic investors, with core shareholders New York Mercantile Exchange, Inc. (NYMEX, whose parent, NYMEX Holdings Inc, was recently acquired by the CME Group), Tatweer, a member of Dubai Holding, and the Oman Investment Fund collectively holding a 75% equity stake in the Exchange…… Full Article: Source


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