Borse Dubai rules out Nasdaq OMX Group stake sale | Reuters

Borse Dubai rules out Nasdaq OMX Group stake sale | Reuters:



"Borse Dubai [BRSDB.UL] ruled out any sale of its shares in Nasdaq OMX Group (NDAQ.O) on Thursday after shedding its entire 17.4 percent stake in the London Stock Exchange (LSE.L) (LSE).



The firm had been the biggest single shareholder in the LSE prior to the sale, which occurred on Wednesday through a so-called book building process which a source familiar with the matter told Reuters on Thursday happened at 22.50 pounds a share.



This would equate to a total sale worth 1.36 billion pounds, according to Reuters calculations. Shares in LSE fell sharply as a result, down 10 percent to 22.83 pounds by 9:10 a.m."



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