Borse Dubai may consider Qatar LSE bid
Dubai, February 17, 2008
Borse Dubai said on Sunday it could consider selling a stake in the London Stock Exchange Group (LSE) to Qatar, but had not received any approaches and was unlikely to divest the stake in the short term.
Borse Dubai and the Nasdaq Stock Market should close a $4.5 billion deal this month to buy Nordic and Baltic stock exchange OMX. Under the tie-up, Borse Dubai gets Nasdaq's stake in the London Stock Exchange (LSE).
'If the Qatari government wants to strike a deal in the future then we would consider it,' Borse Dubai Chairman Essa Kazim told reporters.
Any stake sale would 'absolutely not' occur in the short term, added Soud Ba'alawy, the firm's deputy chairman.-Reuters