Deals
Borsa Istanbul CEO Says Nasdaq OMX May Buy Exchange Stake
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Ibrahim Turhan, the chief executive officer of Borsa Istanbul, said the Nasdaq OMX Group Inc. is considering buying a stake in the bourse as part of a partnership that will be announced as early as next month.
“It is a large-scale and very comprehensive partnership,” Turhan said in an interview at the exchange’s headquarters yesterday. “This partnership may include an equity stake,” he said, declining to comment on the size of the sale. Nasdaq’s CEO Robert Greifeld is expected to sign the deal in Istanbul Dec. 11, Turhan said.