Borse Dubai is willing to consider selling some of its 20 per cent stake in the London Stock Exchange in the face of mounting opposition to the UK bourse's US$3.2 billion (Dh11.75bn) proposed merger with the Toronto exchange operator TMX.
Under the proposals to merge the London Stock Exchange (LSE) and TMX, Borse Dubai's stake would be watered down to 11.3 per cent, still above the 10 per cent threshold that triggers the involvement of Canadian regulators.
Any stake over 10 per cent has to be approved by state and federal authorities.
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