Qatar sells OMX stake, reportedly to Borse Dubai
By Simon Kennedy
Last update: 10:00 a.m. EST Feb. 13, 2008
LONDON (MarketWatch) — The Qatar Investment Authority has sold its nearly 10% stake in Nordic stock exchange group
SE:OMX 263.00, +1.00, +0.4%) , according to a filing by the Swedish financial supervisory authority. The filing didn’t state who bought the stake, but a Dow Jones Newswires report said it was Borse Dubai. The sale would remove a significant potential hurdle to the joint bid by Borse Dubai and Nasdaq (NDAQ:
NDAQ 42.24, +0.03, +0.1%) for OMX. Under the deal Nasdaq would gain control of OMX, while Borse Dubai would take a nearly 20% stake in the combined company as well as getting Nasdaq’s stake in the London Stock Exchange.