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London Stock Exchange Group plc ("the Exchange") notes that the Qatar Investment Authority (" the QIA") has acquired a 20 per cent holding in the company. The Board of the Exchange is very happy to welcome the QIA as a long term investor in the company.
The QIA and the Exchange have a long standing relationship based on plans to develop the Qatar marketplace and its potential for regional leadership in financial services. The Exchange believes that, 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 to the mutual benefit of both parties.
Clara Furse, Chief Executive of the Exchange, said:
"The QIA has an impressive track record of making substantial long term investments in growth companies, so we are delighted to see that it recognises the Exchange's unique strategic position and excellent prospects. We look forward with confidence to delivering a full agenda and our wider global strategy".
The London Stock Exchange is the world’s premier international equity exchange and a leading provider of services that facilitate the raising of capital and the trading of shares.
The London Stock Exchange is the most international equities exchange in the world and Europe's largest pool of liquidity. By the end of 2006, the market capitalisation of UK and international companies on the London Stock Exchange’s markets amounted to £4.4 trillion, with £6.7 trillion of equity business transacted over the year.
The London Stock Exchange is a Recognised Investment Exchange (RIE) under the Financial Services and Markets Act 2000 and is supervised by the Financial Services Authority.
