DUBAI (Zawya Dow Jones)--Exchange operator CME Group Inc. (CME)
and Oman Investment Fund, a sovereign wealth fund of the sultanate,
said Tuesday they plan to increase their investment in the Dubai
Mercantile Exchange to help fuel its growth plans.
"As part of the restructuring of the DME's equity shareholding,
a recapitalization arrangement will increase the stake in DME held
by CME Group's NYMEX division from 25% to 50%," according to a
joint emailed statement.
Oman Investment Fund will increase its holding to 29%; a
subsidiary of Dubai Holding will retain 9%; and 12% will be held on
a non-voting basis by strategic investors, including Vitol, Shell,
JP Morgan, Morgan Stanley, Goldman Sachs and Concord Energy, it
added.
-By Tim Falconer, Dow Jones Newswires; +9714 446-1690;
tim.falconer@dowjones.com
Copyright (c) 2012 Dow Jones & Co.