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Qatar cuts LSE stake

Qatar has sold a 5% stake in the London Stock Exchange for £260.1m ($442.6m), cutting its holding by a third and making a profit of around 20%, Reuters has reported. The Gulf country’s sovereign wealth fund, Qatar Holding, said it had sold 13.62 million London Stock Exchange shares, adding it did not expect to sell further LSE shares in the immediate future. It retains a stake of 10.3%.