NYSE Euronext Sells Partial Stake in Qatar Exchange to Qatar SWF

NYSE Euronext lowered its stake down to 12% in Qatar Exchange, a Doha-based bourse. Qatar Holding LLC acquired the 8% stake from NYSE Euronext. Qatar Holding now owns 88% of the Qatar Exchange. In September 2012, NYSE Euronext and the State of Qatar reached an agreement to reduce ownership in the Qatar Exchange in consideration of the termination of the remaining two US$ 40 million installment payments. As of September 30, 2012, NYSE Euronext owned 12% of the Qatar Exchange.

In 2009, the owner of the NYSE purchased a 20% stake in Qatar Exchange for US$ 200 million. The deal involved a 5-year strategic agreement for knowledge transfer and development assistance for the local exchange. Under the terms of the partnership, the Qatar Exchange adopted the latest NYSE Euronext trading and network technologies.

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