Tuesday, August 12, 2008

Top trading firms take equity stakes from DME

The Dubai Mercantile Exchange Ltd. (DME) has concluded yesterday (Aug. 11) the sale of indirect equity stakes to a number of leading global financial institutions and energy trading firms.

Established as a joint venture between the New York Mercantile Exchange (NYMEX), Dubai Holding subsidiary Tatweer, and the Oman Investment Fund, the DME's new shareholding structure will now include Goldman Sachs, Morgan Stanley, Vitol, Concord Energy, Casa Energy Trading, and a Shell subsidiary.

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