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NYSE Euronext wins race to develop Qatar market

NYSE Euronext has sealed an agreement to build a new cash and derivatives market in Qatar, a deal that had attracted interest from rivals including the London Stock Exchange, which is part-owned by the Gulf emirate's government.

The transatlantic exchange operator will acquire a 25% stake in the Doha Securities Market for $250m (€161m) in cash from the Qatar Investment Authority, the country's sovereign wealth fund.

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