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CME and Oman to boost stakes in Dubai Mercantile Exchange

 
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Kirk
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PostPosted: Wed Feb 22, 2012 7:07 am    Post subject: CME and Oman to boost stakes in Dubai Mercantile Exchange Reply with quote

Oman Investment Fund (OIF) and futures exchange operator CME Group Inc. have raised their stake in the Dubai Mercantile Exchange after a cash infusion, diluting positions held by oil majors and the ruler of Dubai's investment vehicle, Reuters has reported. "The fresh funds came from CME and OIF. The other strategic investors were diluted as part of the infusion," DME chief executive Thomas Leaver told reporters. After the injection, CME's stake in DME will rise to 50% from 25%, while OIF’s holding goes to 29% from 25%. Dubai Holding will see its 25% stake reduced to 9%.

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