Sign up | Log in



Capital Markets
August 26, 2007
Temasek approaches Nasdaq to buy LSE stake

Temasek Holdings, the Singapore government-owned investment agency, has approached Nasdaq to buy its 30 percent stake, worth 800 million pounds ($1.6 billion), in the London Stock Exchange , a newspaper reported on Sunday.

The Sunday Times said in an unsourced report that Temasek had made the approach in recent days and the deal could lead to a full takeover of the LSE by the Singaporean investor.

On Aug. 20, Nasdaq Stock Market said it might sell its stake in the LSE to bolster its chances of buying Nordic exchange operator OMX and it was already in touch with interested parties.

The U.S. exchange company said later in the day in a statement that it would not sell its LSE stake to a single buyer.

The newspaper said several parties, including the New York Stock Exchange and the Chicago Mercantile Exchange , may enter the fray as well as investment and infrastructure funds.

In a separate report, the Observer newspaper said, quoting an investment banker, that Nasdaq was seeking to sell up to half of its LSE stake to Deutsche Boerse. Reuters reports

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand