Sunday 19 December 2010

Dubai silent on report it is in talks to sell LSE stake | Reuters

Abu Dhabi is in talks to buy a 20 percent stake in the London Stock Exchange (LSE.L) held by indebted neighbour Dubai, the Sunday Times said in an unattributed report.

Officials from Dubai and Abu Dhabi, two of the seven emirates in the United Arab Emirates federation, were not available for comment.

The LSE stake sale would be part of an Abu Dhabi buyout of exchange operator Borse Dubai and would follow the latter's sale of about half of its shares in Nasdaq OMX (NDAQ.O) last week, the Sunday Times reported.

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