NYSE, ASX 'may make' LSE bid

NYSE Euronext and Australia's ASX may seek to buy part of Nasdaq's 31 per cent stake in the London Stock Exchange (LSE), sources…

NYSE Euronext and Australia's ASX may seek to buy part of Nasdaq's 31 per cent stake in the London Stock Exchange (LSE), sources say.

Nasdaq, said last week it was considering selling its stake in the LSE, valued at around $1.6 billion (€1.17 billion), so it could focus on buying Nordic exchange operator OMX.

Nasdaq said at the time its bankers were in touch with interested parties, and that it would not sell its LSE stake to a single buyer.

Singapore's state-owned Temasek Holdings may also be interested in buying part of the stake, while other parties have expressed interest, sources added.

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The LSE, which has fended off a number of takeover bids, is buying Italian rival Borsa Italiana.