Borse Dubai is mulling selling some of its 20% stake in the London Stock Exchange (LSE) to facilitate a $3.2 billion merger between the LSE and the Toronto exchange operator, TMX, The National reports. The Dubai exchange is considering selling a 10% stake in LSE, said a senior Borse Dubai official.

Under its current structure, Borse Dubai will hold 11.3% of the combined entity, triggering the involvement of Canadian regulators. The Qatar Investment Authority has a 15% stake in the LSE, which will be lowered to 7% by the Canadian merger.

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