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International-UN-NGOs
Qataris make £1 billion swoop on London exchange
2007-09-02
Not stocks - a 33% ownership of the exchange itself.
Be careful of what you wish for:

"[T]he foundation for making Britain the gateway to Islamic trade, is to make Britain the global centre for Islamic finance" - Gordon Brown on June 13, 2006


Related and for further study: Finance in Islam
Posted by:lotp

#4  Actually you are both wrong. A controlling interest is when you hold sufficient shares to win shareholder votes, given the remaining shares will not vote as a block for various reasons. It's generally considered to be in the range of 20% to 30%.
Posted by: phil_b   2007-09-02 05:58  

#3  Oh yeah, something like that. Oops!
Posted by: gorb   2007-09-02 05:54  

#2  No gorb, you need 1/4 of the remaining votes to win.
Posted by: Chuck   2007-09-02 04:43  

#1  33% is basically a controlling interest. You only need 1/6 of the remaining votes to go your way and you win every time.
Posted by: gorb   2007-09-02 01:43  

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