Tel Aviv exchange sells 19.9% stake to New York-based Manikay Partners

Tel Aviv exchange sells 19.9% stake to New York-based Manikay Partners

Lobby of the Tel Aviv Stock Exchange (TASE). Credit: Wikimedia Commons

Israel’s stock exchange will sell a nearly 20 percent stake to New York-based investment fund Manikay Partners LLC, part of a quest to invigorate trading and attract more initial public offerings to the Middle East’s only developed market.

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