RSS feedQIA
’Sainsbury up on bid rumours
Revived takeover speculation gave shares in UK supermarket retailer J Sainsbury their biggest gain in more than two years . The shares surged by nearly 20% in London in mid-session on speculation that the Qatari Investment Authority had made a second approach to the Sainsbury family trust.
Qatar fund in talks with Porsche
Porsche is in advanced talks to sell a large stake to the Gulf state of Qatar in a deal that could turn the tables in its feud with Volkswagen. Wendelin Wiedeking, Porsche’s chief executive, is talking to the Qatar Investment Authority about selling a stake of up to 25% in Porsche’s holding company.
QIA to take control of health group
The Qatari Investment Authority has agreed to a deal to take control of one of the four companies from the Three Delta-advised funds through which it originally invested more than £3bn in four UK healthcare companies.
Sainsbury sparks London trading frenzy
J Sainsbury jumped to the top of the FTSE100 leaderboard on Thursday as bid rumours swirled. Shares in the food retailer finished 7.9% higher at 344p amid talk of a 500p a share bid from its 29% shareholder,
The London Stock Exchange left on the shelf – again
It is no way to treat a Dame, certainly. Three weeks after LSE chief executive Clara Furse kindly travelled all the way to Qatar, seemingly to help the Doha Securities Market expand its trading platform and develop the emirate’s capital market in the wider Gulf region,
Snap News
The latest on Tuesday,
- Qatar and Euronext unveil plans for integrated cash and derivatives exchange in Doha, Euronext to acquire 25% of Doha securities market for $250m- statement
- Nokia says
Qatar fund in rift with UK adviser
The relationship between the Qatar Investment Authority and Three Delta, its UK investment adviser run by Paul Taylor, has broken down and the sovereign wealth fund is working on buying out his interest in Four Seasons,
LSE chief heads to Qatar
Clara Furse, chief executive of the London Stock Exchange, on Tuesday held talks with officials in Qatar, home to the exchange’s second largest shareholder, amid continuing investor concern over the LSE’s wilting share price.
Qatar fund buys Credit Suisse stake
Credit Suisse on Monday became the latest western financial institution to be targeted by a sovereign wealth fund after the Qatar Investment Authority bought a stake in Switzerland’s second-biggest bank as part of plans to invest about $15bn in US and European banks.
QIA – today Credit Suisse, tomorrow the (financial) world
Qatar – or, specifically, the Qatar Investment Authority – has made the latest move in the steady march by sovereign wealth funds into the heart of the western financial world. QIA is accumulating shares in Credit Suisse,
Qatar sells out of OMX, smoothing Nasdaq’s planned takeover
Qatar Investment Authority has sold its near-10 per cent stake in OMX to Börse Dubai, effectively sealing Dubai’s $4.9bn takeover of the Scandinavian exchange. Plans are in place for Dubai to swap ownership of OMX for Nasdaq’s 28 per cent stake in the London Stock Exchange and take a 20 percent stake in a new Nasdaq holding company.
Peltz joins QIA to raise Cadbury stake
Nelson Peltz, the US activist investor, has teamed up with the Qatar Investment Authority to increase his stake in Cadbury Schweppes. Trian, Mr Peltz’s investment vehicle, recently formed a special-purpose vehicle with QIA,
Deutsche Börse up on bid talk, Qatar out of OMX
Deutsche Börse shares jumped 4.8% to €133.19 on bid speculation as European equity markets rebounded on Wednesday, breaking their two-day fall. In the frame to make a €180-per-share bid for the German stock market operator were derivatives exchange CME of Chicago or a Middle-East sovereign wealth fund.
Sainsbury shares slump after talks end
Sainsbury’s shares were left reeling as the Qatar-backed fund Delta Two walked away from its £10.6bn indicative bid for the company, unwilling to stump up a further £500m of equity to clinch the deal.
Qatari group poised to walk away from Sainsbury
The Qatar Investment Authority was on Sunday last night on the brink of abandoning its £10.6bn bid for J Sainsbury, reports the Times. Sources in Qatar said it was “highly unlikely” that the QIA would press ahead with its bid,
Qatar & Vietnam ditch the dollar
Announcements on Thursday from the Qatari and Vietnamese governments that they are rapidly divesting in dollar denominated securities will not come as good news to the US government. Overseas investors hold half of America’s $4,400bn of marketable government debt,
Dubai, Qatar, move again on OMX
Two rival Gulf firms are holding discussions with major shareholders of Nordic stock-exchange operator OMX in an attempt to secure a larger holding, reports the Wall Street Journal, citing people familiar with the matter.
After ‘Exchange Twister’ the new game is ‘Nationalist Frolics’
As Lex said, it’s just one big game of “exchange Twister” – (remember the game in which players tie themselves in knots moving their feet and hands around multi-coloured circles?). But even as we write,
LSE faces fresh bidding war
Two rival Gulf states vying for regional leadership in the global consolidation of exchanges have secured nearly 50% of the London Stock Exchange. Qatar Investment Authority and Borse Dubai acquired 48% of the LSE through a complex series of deals which are realigning ownership of Europe’s exchanges.
The Emirate fights back – Qatar buy their own 20 per cent stake in LSE
Given that Qatar and the LSE have been courting for the past year, Nasdaq’s decision to sell its LSE stake to Borse Dubai was always going to get messy.
Earlier this week, all the signs were that the Qataris’ £2.8bn,
OMX soars on speculation over LSE stake
Shares in OMX, the Nordic exchange, soared on Tuesday amid speculation that Nasdaq is close to finalising a deal to sell its 31 per cent stake in the London Stock Exchange to either Qatar Investment Authority or Borse Dubai.
Qatar set to win $5.6bn LSE stake
Qatar’s state investment fund is set to win the auction of Nasdaq’s 31% stake in the London Stock Exchange Group after lodging a bid of £2.8bn ($5.6bn), reports the Sunday Times. The Nasdaq board met at the weekend to discuss the proposal.
… As Temasek, others, also bow out
Temasek, the Singaporean investment fund, has pulled out of the running to buy Nasdaq’s 31% stake in the London Stock Exchange after its indicative bid came in way below price levels being offered by other potential buyers,