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Borse Dubai selling stake in London Stock Exchange -source

Reuters - UK Focus

LONDON, March 25 (Reuters) - Borse Dubai is selling its remaining 17.4 percent stake in London Stock Exchange via an accelerated book building process, a source familiar with the situation said on Wednesday.

Bank of America (Swiss: BAC.SW - news) , Barclays (LSE: BARC.L - news) and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds ($2.23 billion) based on LSE's closing price of 2,538 pence, the source told Reuters.

($1 = 0.6717 pounds) (Reporting by Freya Berry; Writing by Sophie Sassard; Editing by Alexander Smith)