Deals
Pakistan Bourse in Stake Sale Talks With Two Exchanges, CEO Says
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Pakistan’s biggest stock exchange, home to Asia’s best-performing equity market in the last three years, has started talks with two bourses to sell a strategic stake before a planned initial public offering.
Two additional exchanges have indicated verbal interest in a deal, Nadeem Naqvi, managing director and chief executive officer at the Karachi Stock Exchange, said in an e-mailed interview, without identifying the bourses.