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Dubai to Exit London Stock Exchange With $2.1 Billion Sale

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Borse Dubai Ltd., the largest shareholder in London Stock Exchange Group Plc, is selling its entire stake for about 1.4 billion pounds ($2.1 billion), exiting an eight-year investment in Europe’s oldest independent bourse.

Borse Dubai’s 17.4 percent stake in the exchange is being offered at 2,250 pence to 2,300 pence per share, with demand for all the shares in that range, according to terms obtained by Bloomberg. That’s a discount to the 2,538 pence closing share price in London Wednesday.