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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Qataris’ share in London Stock Exchange holds the key to takeover talks

Posted on 05 July 2011

Bob GreifeldA Middle Eastern investor with a blocking stake in the London Stock Exchange would torpedo any takeover that crystallises a loss on its investment. The Qatar Investment Authority, which bought into the LSE in September 2007 at around £15 a share, will not accept a deal to sell the exchange for less than this figure. It currently owns 15.1pc of the exchange.

‘The Qataris are long-term investors who have been supportive of the board,’ said a source close to the sovereign wealth fund controlled by the Qatar royal family……………………………………….Full Article: Source

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