London_Stock_Exchange

Qatar cuts LSE stake

: Saturday, July 12 - 2014 @ 00:14

Qatar has sold a 5% stake in the London Stock Exchange for £260.1m ($442.6m), cutting its holding by a third and making a profit of around 20%, Reuters has reported. The Gulf country’s sovereign wealth fund, Qatar Holding, said it had sold 13.62 million London Stock Exchange shares, adding it did not expect to sell further LSE shares in the immediate future. It retains a stake of 10.3%.

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Saturday, July 12- 2014 @ 0:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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