Temasek not keen on LSE stake: Source
Temasek not keen on LSE stake: Source
A BRITISH newspaper has reported that Temasek Holdings has approached Nasdaq to buy its 30 per cent stake in the London Stock Exchange (LSE).
The report in London's The Sunday Times yesterday was based on unnamed sources.
It claimed that Temasek had made the approach in recent days and the deal could lead to a 'full takeover' of the LSE by Temasek.
But well-placed industry sources told The Straits Times that the speculation was unfounded. Contacted last night, a Temasek spokesman would say only that it does not comment on market speculation.
Last Monday, Nasdaq Stock Market said it might sell its stake in the LSE worth £800 million (S$2.44 billion), to bolster its chances of buying Nordic exchange operator OMX and that it was already in touch with interested parties.
Nasdaq said later that it would not sell its LSE stake to a single buyer.
A BRITISH newspaper has reported that Temasek Holdings has approached Nasdaq to buy its 30 per cent stake in the London Stock Exchange (LSE).
The report in London's The Sunday Times yesterday was based on unnamed sources.
It claimed that Temasek had made the approach in recent days and the deal could lead to a 'full takeover' of the LSE by Temasek.
But well-placed industry sources told The Straits Times that the speculation was unfounded. Contacted last night, a Temasek spokesman would say only that it does not comment on market speculation.
Last Monday, Nasdaq Stock Market said it might sell its stake in the LSE worth £800 million (S$2.44 billion), to bolster its chances of buying Nordic exchange operator OMX and that it was already in touch with interested parties.
Nasdaq said later that it would not sell its LSE stake to a single buyer.
posted by Alex at
2:00 AM
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