A Canadian official on Friday balked at the prospect of Dubai increasing its minority stake in a combined London and Toronto Stock Exchange, and possibly seizing control of the "strategic asset."
"We do business with the Middle East," Ontario Finance Minister Dwight Duncan told reporters. "I am just not sure I want them owning our stock exchange."
Canadian media said Mohammed bin Rashid Al Maktoum, the billionaire ruler of Dubai, would hold a 11.3-percent stake in the combined entity, the largest single holding.
No comments:
Post a Comment