Tuesday, 12 December 2017

Qatar backs LSE chairman in battle against activist investor

Qatar backs LSE chairman in battle against activist investor:

"The London Stock Exchange Group’s efforts to stop an activist shareholder removing its chairman have received a signficant boost after the Qatar Investment Authority, its second largest shareholder, indicated it would back the board. The QIA has a 10.37 per cent stake, just behind a combined total held by BlackRock, the asset manager. The LSE board is preparing for an extraordinary shareholder meeting on December 19, where investors will vote on whether to remove Donald Brydon, the chairman."



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