Transatlantic stock markets operator NYSE Euronext, has reduced its stake in Qatar's exchange to 12 percent by selling an 8 percent holding to the Gulf state's sovereign wealth fund, Qatar Holding, the fund said on Tuesday.The owner of the New York Stock Exchange bought a 20-percent stake in Qatar Exchange in 2009 for $200 million as part of a five-year strategic agreement to transfer knowledge and develop the local exchange.Qatar Holding now owns 88 percent of the Doha-based bourse, with NYSE Euronext holding the remaining 12 percent stake, the Qatar Exchange said in a statement, without giving any financial details of the transaction.An official at the Qatar exchange was quoted as saying in the statement that in the three and half years s ince t he NYSE deal most of the aims of the agreement between the two exchanges have been "successfully executed".
NYSE Euronext is a global operator of financial markets and provider of trading solutions. Shares of NYX remained unchanged at $23.21. In the past year, the shares have traded as low as $22.25 and as high as $31.25. On average, 2596370 shares of NYX exchange hands on a given day and today's volume is recorded at 0.
Source
