Borse Dubai has today sold its shareholding in London Stock Exchange Group (LSE), representing approximately 17.4 per cent of the share capital in the company.
The sale was made through a block sale managed by BofA Merrill Lynch,
Borse Dubai, the emirate's holding company for its stock exchanges, has refinanced a half-billion dollar loan at an ultra-low rate, setting the seal on its recovery from a financial crisis several years ago.
The company agreed
More than 20 companies in Dubai, which has not seen an initial public offering since 2009, would float their shares if market conditions improve, the chairman of Borse Dubai said on Tuesday.
"We have over 20 companies who would be interest
Middle East investors Borse Dubai and the Qatar Investment Authority hold the key to the future of London Stock Exchange amid speculation it has become a takeover target after its aborted $3.5 billion bid for Canada's TMX Group.
Borse Dubai, the largest shareholder in Nasdaq OMX, backed the exchange's unsolicited $11.3 billion bid for NYSE Euronext, its chairman said.
Essa Kazim, when asked whether the Dubai-based holding company that has an approximately 29 p
Borse Dubai has not been asked to reduce its stake in London Stock Exchange (LSE) to facilitate a merger between the LSE and the Toronto share market operator TMX, a source familiar with the matter said.
Borse Dubai, which holds a 20.6 per
Borse Dubai may consider selling a part of its 20-percent stake in the London Stock Exchange (LSE) to facilitate a merger between the LSE and the Toronto exchange operator TMX, a newspaper reported on Tuesday.
A senior Borse Dubai official
Borse Dubai does not plan currently to sell its London Stock Exchange stake, a senior financial official said, denying a reported $1.5 billion Abu Dhabi offer for Dubai's financial assets.
Ahmed Al Tayer, governor of Borse Dubai part-owner
Abu Dhabi has not made an offer to buy Dubai financial services assets, which includes the Dubai International Financial Centre (DIFC) for $1.5 billion, the DIFC governor was reported as saying.
'There are no offers fr