The Borsa İstanbul partnership structure shows that Nasdaq no longer owns a stake in the company, according to data on the stock exchange website on Wednesday, having previously held a 7 percent stake, Reuters reported.
The Turkey Wealth Fund B class shareholding in the stock exchange currently stands at 80.59 percent, data on the website showed, compared with a previous 73.59 percent.
According to the Dünya business newspaper, Nasdaq apparently used the “exit option” that was allowed in its agreement.
Nasdaq first bought a 5 percent share in Borsa İstanbul in 2013 and later increased its share to 7 percent.
The post Nasdaq no longer has stake in Turkey’s stock exchange appeared first on Turkish Minute.
from Turkish Minute https://www.turkishminute.com/2018/09/26/nasdaq-no-longer-has-stake-in-turkeys-stock-exchange/
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