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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Qatar to sell down stake in LSE

Posted on 10 July 2014

The Qatar Investment Authority is to sell down a third of its stake in the London Stock Exchange Group ahead of the bourse’s $1.6bn rights issue to help purchase Frank Russell, the US index compiler.
The sovereign wealth fund has instructed Bank of America Merrill Lynch and Citigroup to sell a near 5 per cent stake in an accelerated bookbuild, said two people familiar with the situation. The QIA is expected to retain a 10 per cent stake in the LSE, with the deal announced on Thursday morning………………………………………..Full Article: Source


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