The Nasdaq Stock Market Inc. has taken its stake in the London Stock Exchange Group plc past the 25% mark.

Nasdaq announces that it has acquired another 2,219,250 shares in the London Stock Exchange for an average price of £12.35 per share. The consideration represents approximately £ 27.4 million (US$ 51.1 million).

In addition to the 52,006,155 LSE shares owned following the share consolidation, this acquisition takes Nasdaq’s holding in LSE to 54,225,405 shares or 25.1% of the issued share capital of the LSE.

“We are pleased to have increased our strategic investment in LSE in excess of the important threshold of 25%,” commented Bob Greifeld, president and CEO of Nasdaq.