Borse Dubai said it would consider buying a stake in the Karachi Stock
Exchange if members of Pakistan’s biggest bourse voted to alter the structure
of their group to allow a sale. In comments made to Reuters, Borse Dubai
chairman Essa Kazem said he was keen to expand his groups operations in South
Asia. Last month, the head of Pakistan’s securities regulator said the both
Borse Dubai and Scandinavian exchange operator OMX AB had expressed interest
in buying into the Karachi exchange. State-owned Borse Dubai
earlier
this month bid 27.7 billion Swedish kronor ($3.96 billion) for OMX,
topping an earlier bid of about $3.7 billion from Nasdaq Stock Market Inc.
—
Paul Whitfield
Tags:
m&a,
Borse
Dubai,
Karachi
Stock Exchange
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