Qataris bid £1bn in battle for Nasdaq's stake in LSE
Qataris bid £1bn in battle for Nasdaq's stake in LSE
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The near three-year long battle for control of the London Stock Exchange saw yet another unexpected twist this weekend, as it emerged that the Qatari Investment Authority (QIA) had entered the bidding for Nasdaq's 31 per cent stake in the company. The QIA, which has beenpursuing the supermarket chain Sainsbury's, is believed to have offered upwards of £14 a share for the stake, which would value it at close to £1bn, and would value the LSE as a whole at more than £3bn. |
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News entry number 415 added on Sep 3, 2007 in the Business News category.
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