Borse Dubai says backs Nasdaq bid for NYSE Euronext

(Corrects chairman’s name in second paragraph)

DUBAI, April 1 (Reuters) – Borse Dubai, the largest
shareholder in Nasdaq OMX (NDAQ.O: Quote, Profile, Research), backed the exchange’s
unsolicited $11.3 billion bid for NYSE Euronext, its chairman
said on Friday.

Essa Kazim, when asked whether the Dubai-based holding
company that has an approximately 29 percent stake in Nasdaq OMX
was in favour of the bid, told Reuters: “Yes we are supportive.”

He declined any further comment on the offer.

Nasdaq OMX (NDAQ.O: Quote, Profile, Research) and IntercontinentalExchange (ICE.N: Quote, Profile, Research)
have launched a rival bid to buy NYSE Euronext (NYX.N: Quote, Profile, Research) for about
$11.3 billion in cash and shares. [ID:nLDE73015K]
(Reporting by Amran Abocar; Editing by Erika Solomon)

Borse Dubai says backs Nasdaq bid for NYSE Euronext