NASDAQ OMX To Take Equity Stake In Borsa; To Deliver Technology Solutions

(RTTNews) - NASDAQ OMX Group (NDAQ) and Borsa Istanbul A.S. announced that they have concluded a wide-ranging agreement, which includes the delivery of market technology solutions and advisory services to Borsa Istanbul, and NASDAQ OMX taking an equity stake in Borsa Istanbul.

NASDAQ OMX will take a five percent equity stake in Borsa Istanbul, with an option to increase this by an additional two percent. NASDAQ OMX will also receive a series of cash payments.

The companies noted that their forward cooperation pathway may also include a minority participation by Borsa Istanbul in NASDAQ OMX. The parties will work together to cement Borsa Istanbul's position and brand as the capital markets hub for the Eurasia region, serving global issuers, investors, and corporations.