London Stock Exchange goes green with Arab control

Qatar, Dubai gain control of London Stock Exchange

QATAR has upped its share in London's
Stock Exchange to nearly 24 per cent, giving the gulf state and
neighbour Dubai a controlling stake of nearly 52 per cent.

Quoting LSE sources, a Qatari newspaper reported
the gas-rich Gulf state bought an additional 3 per cent of shares on
Friday, a day after it bought a 20 per cent slice of Europe's oldest
stock exchange.

The Qatar Investment Authority (QIA), the
investment unit of the Qatar government, initially bought a 20.8 per
cent stake off two hedge funds.

This would put the QIA's overall share in the LSE at nearly 24 per cent.

The
United Arab Emirates' group Borse Dubai meanwhile agreed to buy a 28
per cent LSE holding from Nasdaq, meaning the two now hold nearly 52
per cent of the stock exchange.

The US-based Nasdaq, which was
the LSE's biggest shareholder with a 31 per cent holding, said last
month that it wanted to sell up after a failed hostile takeover
attempt.

(source)

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About IanPJ

Ian Parker-Joseph, former Leader of the Libertarian Party UK, who currently heads PDPS Internet Hosting and the Personal Deed Poll Services company, has been an IT industry professional for over 20 years, providing Business Consulting, Programme and Project Management, specialising in the recovery of Projects that have failed in a process driven world. Ian’s experience is not limited to the UK, and he has successfully delivered projects in the Middle East, Africa, US, Russia, Poland, France and Germany. Working within different cultures, Ian has occupied high profile roles within multi-nationals such as Nortel and Cable & Wireless. These experiences have given Ian an excellent insight into world events, and the way that they can shape our own national future. His extensive overseas experiences have made him all too aware of how the UK interacts with its near neighbours, its place in the Commonwealth, and how our nation fits into the wider world. He is determined to rebuild many of the friendships and commercial relationships with other nations that have been sadly neglected over the years, and would like to see greater energy and food security in these countries, for the benefit of all. Ian is a vocal advocate of small government, individual freedom, low taxation and a minimum of regulation. Ian believes deeply and passionately in freedom and independence in all areas of life, and is now bringing his professional experiences to bear in the world of politics.
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0 Responses to London Stock Exchange goes green with Arab control

  1. Anonymous says:

    I was expected for this to happen considering that Qatar has found rapid ways to emerge in the financial word. What better landmark than London Stock Exchange?