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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Dubai stake in LSE gains after merger deal agreed

Posted on 10 February 2011

From Thenational.ae: Borse Dubai’s stake in the London Stock Exchange (LSE) gained more than US$25 million (Dh91.8m) in value after the London bourse operator agreed to buy its counterpart in Toronto. Borse Dubai, a unit of the Investment Corporation of Dubai, said yesterday afternoon it backed the deal. Qatar Investment Authority owns 15 per cent of LSE.
The proposed $3.2 billion deal, which would create the world’s fourth-largest exchange, will be subject to strict Canadian laws on foreign ownership……………………………………….Full Article: Source


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