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London - Emirates-based Borse Dubai could sell its 20% shareholding in the London Stock Exchange (LSE) to Qatar, according to a report in The Times on Monday.
The newspaper quoted Borse Dubai chairperson Essa Kazim as saying: "If the Qatari government wishes to strike a deal in the future, then it would be subject to negotiation."
However, the daily paper did not specify whether the state-linked Qatari Investment Authority (QIA), which owns 15% of LSE stock, was interested in such a deal.
The Times suggested the transaction would effectively be a share swap after Qatar agreed last week to sell its 10% holding in Baltic stock exchange operator OMX to Borse Dubai.
Both Borse Dubai and Qatar saw their LSE holdings diluted last year after the London exchange sealed a takeover of Italy's Borsa Italiana.
- AFP