LONDON: Qatar has sold a 5 percent stake in the London Stock Exchange for 260.1 million pounds ($442.6 million), cutting its holding by a third and making a profit of around 20 percent, according to Reuters calculations.
Qatar Holding, an investment house founded by the Gulf state's sovereign wealth fund, said on Thursday it had sold 13.62 million London Stock Exchange (LSE) shares. A source familiar with the matter said the shares were sold for 1,915 pence each, a 2.1 percent discount to Wednesday's closing price.
Qatar Holding, which also has investments in British bank Barclays, grocer J Sainsbury and oil firm Shell, said it did not expect to sell more LSE shares in the immediate future.
Qatar sells 5% stake in LSE for $442.6m
