Soros buys 4 pct in BSE for $35 mln – sources
MUMBAI (Reuters) – Billionaire financier George Soros has bought a 4 percent holding in Bombay Stock Exchange (^BSESN : 18401.82 -53.12) for about $35 million, two sources with direct knowledge of the deal told Reuters on Friday, valuing the bourse at around $875 million.
Soros’ Quantum hedge fund acquired the stake in Asia’s oldest exchange from Dubai Financial, part of sovereign fund Dubai Holding, the sources said.
The sources declined to be named as they were not authorised to speak to the media before an expected formal announcement.
A spokesman at BSE declined to comment. Officials at Quantum and Dubai Financial could not be immediately reached.
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Written by admin on August 21st, 2010 with no comments.
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