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Borse Dubai Selling Stake In London Stock Exchange -Source

Borse Dubai Selling Stake In London Stock Exchange -Source

Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds.

Borse Dubai is selling its remaining 17.4 per cent stake in London Stock Exchange via an accelerated book building process, a source familiar with the situation said on Wednesday.

Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds ($2.23 billion) based on LSE’s closing price of 2,538 pence, the source told Reuters.

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