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 Canadas TMX Group.
Borse Dubai owns nearly 21 percent of LSE stock and the Qataris hold 15.1 percent, Thomson Reuters data shows, making the investors easily the largest shareholders in the London exchange and key decision-makers in its future.
“They (the Middle East investors) might be like us and think this is a very good turnaround… and the shares have still got upside on the fundamentals,” said one of LSEs largest European shareholders, speaking on condition of anonymity.
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