|09-25-2007 07:06 PM CET - Business, Economy, Finances, Banking & Insurance||
direct/ Qatar Holding LLC: Update re: OMX
Press release from: Qatar Holding LLC
STATEMENT BY THE QATAR INVESTMENT AUTHORITY
QATAR HOLDING LLC, A WHOLLY-OWNED SUBSIDIARY OF THE QATAR INVESTMENT AUTHORITY, INVESTS IN OMX
Following an earlier statement issued today, the Qatar Investment Authority (QIA) announces that its wholly-owned subsidiary, Qatar Holding LLC (Qatar Holding), has purchased a 9.98 per cent stake in OMX.
This purchase is a key step in the QIA´s ambitions to take supportive holdings in the European exchange infrastructure. As part of this initiative, the QIA also announced earlier today that it had taken a 20% stake in the London Stock Exchange. The QIA believes that these stakes will help build on the success of Qatar as a strong regional financial centre.
NOTES TO EDITORS:
QATAR INVESTMENT AUTHORITY
Qatar Investment Authority was originally founded by the State of Qatar in 2005 to strengthen the country´s economy by diversifying into new asset classes. Building upon the heritage of investments dating back more than three decades, its growing portfolio of long-term strategic investments complement the State of Qatar´s wealth in natural resources.
Headquartered in Doha, QIA benefits from being a central part of the State of Qatar´s economic vision which allows it to invest in a manner which transcends the cyclicality of economic cycles and fluctuations of the financial markets. QIA´s ability to take a long-term view in its investment strategy offers the benefits of stability to all stakeholders.
QATAR HOLDING LLC
Qatar Holding LLC was incorporated in April 2006 within the jurisdiction of Qatar Financial Centre as the prime vehicle for strategic and direct investments by the State of Qatar. With the vision of becoming a world class investment corporation and the preferred partner of choice for investors, financiers and other stakeholders, it is envisaged that the already significant investment portfolio of Qatar Holding will continue to grow.
Headquartered in the Qatar Financial Centre, Qatar Holding is structured to operate at the very highest levels of global investing, with a planned presence in all major capital markets. As a world class investor, Qatar Holding applies the best practices in corporate governance, financial management and stakeholder consideration in order to demonstrate its shared values of focus, integrity and professionalism.
For further information, contact:
Qatar Investment Authority / Qatar Holding LLC: firstname.lastname@example.org
Citigate Dewe Rogerson: 0207 638 9571
Patrick Donovan / Chris Barrie / Toby Moore
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