Nasdaq to acquire 5% in Borsa Istanbul
Reuters/Istanbul
Nasdaq OMX Group will take a 5% stake in Turkey’s Borsa Istanbul in a tie-up that will allow the Turkish exchange to use Nasdaq’s market technologies to attract new customers, the two exchanges said yesterday.
Turkey wants to establish Istanbul as a regional financial centre and under the terms of the deal, the state-owned Borsa Istanbul may acquire a 2% stake in the US exchange operator in the future.
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