Borse Dubai has today sold its shareholding in London Stock Exchange Group (LSE), representing approximately 17.4 per cent of the share capital in the company.

The sale was made through a block sale managed by BofA Merrill Lynch, Barclays Bank and Nomura International, said a statement.

Following the completion of the sale, Borse Dubai will not hold any shares in LSE, it said without giving any financial details.

Borse Dubai is the holding company for Dubai Financial Market (DFM) and NASDAQ Dubai.

Borse Dubai was created in 2007 to consolidate the Government of Dubai’s two stock exchanges as well as current investments in other exchanges, expanding Dubai’s position as a global capital market hub. - TradeArabia News service