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Wednesday 09 July 2014 8:46 pm|Updated:Friday 07 June 2019 12:58 amQatar Investment Authority sells a third of its stake in LSE GroupBy: Jenny ForsythShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleQatar Investment Authority QIA is set to cut its 15 per cent stake in LSE Group, the owner of the London Stock Exchange, by a third. The deal comes ahead of a rights issue in September by LSE Group to fund the $2.7bn pound;1.6bn purchase of Frank Russell, the US index compiler.The Middle Eastern investor has tasked Citigroup and Bank of America Merrill Lynch with selling a 4.83 per cent stake in LSE Group in an accelerated bookbuild.The shares are expected to be sold to a range of investors, rather than one buyer. Qatar Investment Authority <a href=https://www.polenes.com.es>polene</a> is expected to keep a 10 per cent stake in the LSE, with the deal set to be announced this morning. The sovereign wealth fund has gradually reduced its stake in LSE Group since it initially bought a <a href=https://www.stanleycup.at>stanley becher</a> 20 per cent stake in the bourse in 2007. Borse Dubai is now the largest single shareholder in LSE Group, owning a fifth of the shares.Qatar Investment Authority said the sale was routine portfolio management, while LSE Group did not comment.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesLabour will regret the Rentersrsqu <a href=https://www.stanley-canada.ca>stanley cup</a> o; Rights ActUK at lsquo;greatest ris Dkdg Undertaker hits decade high on takeover deal
Thursday 28 Ju <a href=https://www.stanleyquencher.uk>stanley uk</a> ly 2011 8:52 pm|Updated:Friday 31 May 2019 4:16 amBids roll in for the RockBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleTHE government received at least two bids for Northern Rock yesterday, six weeks after it kicked off the privatisation of the lender bailed out during the financial crisis.Virgin Money and private equity firm JC Flowers are both understood to have made indicative offers for the Northern Rock good bank that is on sale, with the bad bank ndash; supposedly the Rockrsquo most toxic assets ndash; having been hived off into a separate firm.City A.M. has also learned that Apax Partners, the US private equity firm, is in talks to fund another bid, though its possible partner for such an offer in unknown. Virgin Moneyrsquo bid is to be funded by a mix of US, UK and Middle Eastern capital as well as cash from its parent group. Analysts expect the assets to fetch about pound;1.5bn.Insurance tycoon Clive Cowdery is understood to be keeping an eye on the sale but has not made an <a href=https://www.owala-water-bottle.ca>owala tumbler</a> offer, while Blackstone, which requested the Rockrsquo information memorandum, has dropped its interest. Paragon Mortgages has also said that it will look at the assets, but it is not clear if it made an offer. There were also reports that Coventry Building Society had sent in a bid, which would please those who wan <a href=https://www.cups-stanley-cups.com.de>stanley deutschland</a> t to see t