DME sells equity stake to trading firms

The Dubai Mercantile Exchange (DME) has concluded the sale of a 20% equity stake in the exchange to six global financial institutions and energy trading firms.

The exchange's new shareholding structure will include Goldman Sachs, Morgan Stanley, Vitol, Concord Energy, Casa Energy Trading and Shell. The equity participation between the parties will remain confidential, according to the DME.

Previously, New York Mercantile Exchange (Nymex) and state-backed Dubai company Tatweer held 32.5% in the DME

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