NASDAQ announced on Friday that it had raised its stake in the London Stock Exchange again, raising its total stake to 25.1%.
The American exchange said it had acquired 2,219,250 shares in London Stock Exchange for an average price of 1,235.5 pence per share, or a total consideration of GBP 27.4 million (c. US$ 51.1 million).
In addition to the 52,006,155 LSE shares it owned already following the share consolidation, this acquisition takes NASDAQs holding in LSE to 54,225,405 shares or around 25.1% of the issued share capital of LSE.
“We are pleased to have increased our strategic investment in LSE in excess of the important threshold of 25%”, says Bob Greifeld, President and Chief Executive Officer of NASDAQ.