NYSE Euronext (NYSE:NYX) has sold 8% in the Qatar stock exchange to Qatar Holding, the investment unit of the country’s sovereign wealth fund, cutting its stake in the Qatar bourse to 12%.
According to a statement today by the Qatar Exchange, Qatar Holding raised its interest in it to 88% as a result of the deal.
The financial terms of the sale were not disclosed.
NYSE paid USD200m (EUR153m) for a 20% holding in Qatar Exchange in 2009, as part of a strategic deal to develop the Qatar bourse.
Qatar Exchange, previously known as Doha Securities Market, has been active since 1997. It is based in Doha.