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LSE chief 'not worried' by Dubai problems

Published: Thursday, Dec 3, 2009, 0:07 IST
Place: Brussels | Agency: Reuters

London Stock Exchange chief executive Xavier Rolet said he had no concerns over the future of Dubai's stake in the London bourse.

"I am not worried," Rolet said ahead of a hearing on financial transaction taxes at the European Parliament.

He declined to comment on "private conversations" with shareholders.

The Gulf state's Dubai World stunned financial markets last week by announcing a standstill on debt repayment on $26 billion. Dubai holds 20.1% of LSE shares and the state's debt problem raised fears the stake could be sold quickly to raise cash.

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