Borse Dubai: Rich, unloved

The Financial Times reports that Magnus Böcker, chief executive of OMX, has expressed deep misgivings about a possible takeover bid by Borse Dubai. And that was after he met senior executives from the Dubai exchange.

His main gripe is concerns about the transparency and regulation of a market owned by just one shareholder and feared this could undermine OMX's credibility. Despite tabling $4bn bid, higher than rivals Nasdaq, the Dubai is struggling to find favor.

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