News Column

PRESS: Qatar To Sell Down One Third Of LSE Stake - FT

July 9, 2014

Steve McGrath

LONDON (Alliance News) - The Qatar Investment Authority is to sell down a third of its stake in the London Stock Exchange Group ahead of the bourse’s USD1.6 billion rights issue to help purchase Frank Russell, the US index compiler, the Financial Times reports citing people familiar with the situation.

The sovereign wealth fund has instructed Bank of America Merrill Lynch and Citigroup to sell a near 5% stake in an accelerated bookbuild, the FT reported two people familiar with the situation saying. The QIA is expected to retain a 10% stake in the LSE, with the deal announced on Thursday morning, the newspaper said.

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Source: Alliance News

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