Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, February 15, 2011

Borse Dubai not asked to trim LSE stake - source

Borse Dubai may consider selling a part of its 20-percent stake in the London Stock Exchange to facilitate a merger between the LSE and the Toronto exchange operator TMX , a newspaper reported on Tuesday. A senior Borse Dubai official told The National that the company would consider selling its stake in order to reduce its ownership in the joint exchange to less than 10 percent. The newspaper did not name the official. Borse Dubai's Chairman Essa Kazim declined to comment when contacted by Reuters.

Source