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The London Stock Exchange could be facing a new takeover battle following reports that an investment group is interested in acquiring a 31 per cent stake in it.
Temasek, the investment group which is backed by the Singapore government, is understood to have approached the New York-based stock exchange Nasdaq about buying its 31 per cent stake in the London bourse, the Press Association (PA) reported today.
Nasdaq announced last week that it was planning to offload the 31 per cent stake, worth around £800 million ($2.09 billion) which it built up in the LSE during its failed takeover attempt for the exchange.
