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Nearly 50 per cent of the London Stock Exchange is now in the hands of two rival Gulf states battling to be their region’s leader in global exchange consolidation.
Qatar Investment Authority and Borse Dubai now own 48 per cent of the LSE following a complex series of deals in which ownership of Europe’s exchanges is being realigned.
Borse Dubai secured 28 per cent of the LSE as part of a wider deal with the US-based Nasdaq designed to settle their long-running battle for control of the Nordic exchanges and telecommunications operator OMX. The Dubai group bought most of Nasdaq’s 31 per cent stake in the LSE for £14.40 a share in cash. In return, it will take a 19.9 per cent stake on the combined Nasdaq/OMX group and receive cash.
However, the move enraged the Qatar Investment Authority, which until Tuesday night believed it was close to clinching a deal to buy much of the LSE stake for itself.
It responded on Thursday by buying nearly 20 per cent of the LSE for itself, sparking expectations of a bidding war for the exchange. LSE on Thursday welcomed the Qatari move because it sees QIA as a passive investor.
Meanwhile, the QIA also bought nearly 10 per cent of OMX, a move widely interpreted as a sign it, too, will make a competing offer for the Stockholm-based group. It also issued a statement calling on OMX shareholders to do nothing in response to the offer from Borse Dubai.
LSE shares soared on Thursday, closing £2.34 higher at £16.87.
Qatar bought the stakes held by two hedge funds instrumental in seeing off a hostile bid for the LSE by Nasdaq last year, believing that the £12.43 price it offered was too low.
However, before official word of the deal was published, there were signs that it might face political opposition in the US. Senator Charles Schumer, chairman of the Joint Economic Committee, said: “This deal raises serious questions . . . Those questions will include – should we allow foreign governments to take over our financial exchanges and how much control and influence should those foreign governments have?”
President George W. Bush on Thursday said the proposed investment by state-controlled Borse Dubai in the US exchange would face a national security review.
OMX AB (Aktiebolaget Optionsmäklarna/Helsinki Stock Exchange) is a Swedish-Finnish financial services company, formed in 2003 through a merger between OM AB and HEX plc. It has two divisions, OMX Exchanges, which operates seven stock exchanges in the Nordic and Baltic countries, and OMX Technology, which develops and markets systems for financial transactions used by OMX Exchanges, as well as by other stock exchanges. The company is a world leader in financial instruments trading systems. History
OM AB (Optionsmäklarna) was a futures exchange founded by Olof Stenhammar in the 1980s to introduce trading in standardized option contracts in Sweden. OM acquired the Stockholm Stock Exchange in 1998 and unsuccessfully attempted acquisition of the London Stock Exchange in 2001.
During the Dot-com bubble in the early 21th century, OM launched a virtual European stock exchange called Jiway([1]). The project was not successful and was canceled on the 14th October 2002.
On 3 September 2003 the Helsinki Stock Exchange (HEX) merged with OM, and the joint company became OM HEX. On August 31, 2004, the brand name of the company was changed to OMX.
In 2005 OMX merged with the CSE, Copenhagen Stock Exchange, although it was really a takeover of CSE by OMX.
In December 2005 OMX started First North, an alternative exchange, in Denmark.
In 2006 OMX AB acquired the Markets Technology division of Computershare. The acquisition greatly expanded its product offerings and made its client list the largest of all trading system technology providers.
In June 2006 OMX expands the First North exchange to Stockholm, and has plans to include Helsinki.
On September 19, 2006 the Iceland Stock Exchange announced it will join the OMX Nordic Exchange, OMX and Eignarhaldsfelagid Verdbrefathing hf (EV), the owner of the Iceland Stock Exchange (ICEX) have signed a Letter of intent regarding an acquisition of EV.[2]
The group launched a virtual Nordic Stock Exchange on October 2, 2006, after merging the individual lists of shares traded at its three wholly-owned Scandinavian exchanges into a combined Nordic List. It also launched a pan-regional benchmark index, the OMX Nordic 40, on the same date, however the individual exchanges have also retained their own national benchmark indices.
On October 6, 2006, OMX acquired a 10% stake in Oslo Bors Holding ASA, the Oslo Stock Exchange.
On May 25, 2007, NASDAQ agreed to buy OMX for US$3.7 billion to tentatively form NASDAQ OMX Group. [3] In August 2007, however, Borse Dubai offered US$4 billion, prompting speculation of a bidding war.[4] On September 20 2007, Borse Dubai agreed to stop competing to buy OMX in return for 20% of NASDAQ as well as NASDAQ's 28% stake in the London Stock Exchange. [5]
In North America OMX supports it's most high profile customers such as FINRA, ICAP, ISE, and BIDS Trading which are powered by OMX trading systems such as CLICK and SAXESS.
OMX Exchanges
OMX Technology customers includeExternal links
SOLAR COLA and SOLAR ENERGY drinks as an INVESTMENT OPPORTUNITY?
The soft drinks market is a tough place to do business, unless you have something different to offer and the marketing muscle to match.
For nearly 100 years Coca Cola and Pepsi Cola have dominated the marketplace with similar products. Each company spends around $600-800 million dollars a year to maintain its market position. The advertising centers around sport and music, with a scattering of irregular television campaigns. Each company launches (or attempts to launch) new brands every year. So far, they have not proved as successful as their regular cola brands.
Red Bull, although in a different drinks category, spends not quite as much on advertising , but has managed to acquire instant status and volume sales from sponsoring formula one, the Darpa Desert Challenge, and now the New Jersey MetroStars football team.
Solar Cola, apart from it's contemporary name, is a healthier cola based drink. Just as refreshing, it contains a unique blend of added ingredients as an aid to good health and energy levels. The company contributes to and sponsors alternative projects, to include these websites, featuring movies, music and several thousand pages of news and general information, which generates in excess of 6 million visits a month already. Recent acquisitions include the rights to the Solar Navigator World Electric Challenge, and also the new Bluebird Electric land speed record car for 2007. The company may also sponsor the London to Brighton Solar Car Run in 2009 (dependent on the number of university entries received).
It is thought that this marketing strategy will equal several hundred thousand dollars of conventional Ad Agency spending. As an example of the kind of media coverage such nautical expeditions generate, you have only to look at the newspaper coverage when Ellen Macarthur completed her world circumnavigation. The same holds true for Sir Francis Chichester and Sir Robin Knox-Johnston.
The design of the Solar Cola can is copyright protected, with trademark applications in the USA, Australia and Europe pending in Class 32 and rights already granted in the UK. Introduction of the drink is held in abeyance pending official launch of one or other sponsored projects, which will be activated when the time is right, such activation to coincide with the market introduction of the drink.
Solar Cola PLC is shortly to be activated for online investment as their trading arm. The company is forecast to produce excellent results for investors, with sustained growth to be followed by an eventual flotation on the Stock Markets of the world in the next few years. At this point estimates suggest investors will reap substantial gains - in line with international Licensing expectations.
Solar Cola Ltd is managing the funding requirement for the trading company. They are looking for medium term or seed investment between £4-5 million to kick start phase two of the venture: which is to volume produce the product for supply to supermarkets and other retail outlets.
If you are a Business Angel, or Equity House, looking for a business with the potential for rapid growth, please contact SOLAR COLA LTD for details. Ask for our Marketing Director: Katherine Hudson
Katherine Hudson
By Post:
World
Solar Challenge Herstmonceux United Kingdom
By Email: katherine@solarnavigator.net
Or leave a message: 0044 1323 831727
MONEY FINDER
This material and any views expressed herein are provided for information purposes only and should not be construed in any way as an endorsement or inducement to invest in any specific program. Before investing in any program, you must obtain, read and examine thoroughly its disclosure document or offering memorandum.
Energy drinks for adventurous capitalists
Solar Red | Solar Crush | Solar Cola | Solar Citrus | Solar Spice
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