Qatar Investment Authority Snaps Up 20% of Nasdaq and London Stock Exchange
Posted on September 26th, 2007 in Economy, News | No Comments »
The Qatar Investment Authority has acquired a 20 per cent of America’s Nasdaq and a 20 per cent stake in the London Stock Exchange making it the largest stakeholder in the bourse.
The LSE welcomed the Gulf state bid saying in an official statement, “…given the strength of Qatar’s economy and the development of Doha as a major financial centre, there are significant opportunities to build further this relationship….”
US politicians however have raised concerns over the sale of Nasdaq and the US President, George W Bush, said “We’re going to take a good look at it, as to whether or not it has any national security implications involved in the transaction.” Read more »