Temasek Cites as LSE Stake Buyer

Shares in the London Stock Exchange soared 66p, or 5%, to 1402p on reports that a variety of parties were interested in buying the 31% stake in the bourse that has been earmarked for sale by US operator Nasdaq.

One likely buyer touted has been Temasek, the investment vehicle of the Singaporean state. However, other candidates include Deutsche Boerse and, most bizarrely, Borse Dubai.

The latter group is currently in a hostile fight with Nasdaq over OMX, the Nordic exchange. A report has suggested that Borse Dubai could submit a joint bid for OMX with Nasdaq, if it becomes a major shareholder in the LSE.

However, previously Nasdaq has said that it wants to sell its stake in the London exchange in order to make its own bid for OMX become more attractive.