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DealBook » JPMorgan Said to Buy Metal Exchange Stake From MF Global | JPMorgan Chase has agreed to pay the bankrupt brokerage MF Global about $39 million for a 4.7 percent stake in the London Metal Exchange, three people familiar with the matter told The Wall Street Journal.
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In exchange, its stake in Faurecia will rise to 70percentt from its current 53percentt.
MICHAEL J. de la MERCED ONE HURDLE CLEARED The Justice Department approved on Thursday the proposed merger of NYSE Euronext and Deutsche B?, but required the sale of the German exchange's stake in Direct Edge Holdings within two years.
Usmanov wanted to sell his debt to the government in exchange for stake in the company and to effectively nationalize the mining industry.
Both the NSE and BSE are owned by domestic and foreign financial institutions, with Deutsche Börse and Singapore Exchange owning stakes in BSE and Citigroup, Goldman Sachs and Morgan Stanley owning stakes in the NSE.
Investors holding 80 percent of OCI shares have agreed to exchange their stakes for stock in OCI NV.
The government announced a national defence group centred on state-owned Thomson-CSF that will include the defence-electronics parts of Alcatel Alsthom, Dassault and Aérospatiale in exchange for stakes in Thomson.
As part of the arrangement, Daimler and the Nissan-Renault alliance agreed to exchange equity stakes, such that Nissan and Renault will each hold 1.55 percent of Daimler's shares and the German company will hold 3.1 percent in each of its new partners.
(Vodafone bought Mannesmann, then it sold Orange to France Télécom in May; Hutchison exchanged its stake in Orange for a 5% stake in Vodafone).
The prince's Kingdom Holding Company, whose shares are traded on the Saudi stock exchange, owns stakes in hotel groups including Four Seasons and Fairmont Raffles and is a part-owner of the Savoy Hotel in London.
(You can find a series of exchanges that stakes out the positions of each side in great detail here).
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