Botched rescue

11 September 2007 By Una Galani Follow @ugalani

Several Italian banking foundations may join forces with Qatar s sovereign wealth fund to buy Nasdaq s 31% stake in its London rival. That would be a neat exit for Nasdaq. It may also be the best option for the LSE. Yet the new shareholders may have their own agendas.

This content is for Subscribers only

Context News

Several Italian banking foundations are understood to be keen to join the Qatar Investment Authority in buying Nasdaq's 31% stake in London Stock Exchange.

The move would give Italian banks aggregate ownership of the LSE above the 29.9% minimum bid threshold, following the completion of the merger with Borsa Italiana.

Nasdaq last week agreed to seek the tacit approval of the LSE, before accepting an offer for its stake, suggesting Nasdaq would aim to find a buyer agreeable to both parties.

Email a friend

Please complete the form below.

Required fields *