File - In this picture taken on March 7, 2013 a woman walks past the London Stock Exchange in central London. AFP PHOTO/LEON NEAL
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Qatar has sold a 5 percent stake in the London Stock Exchange for 260.1 million pounds ($442.6 million), cutting its holding by a third and making a profit of around 20 percent, according to Reuters calculations.Two sources close to the deal said Qatar could use the proceeds to buy stock in an upcoming share sale by the LSE to help fund the exchange group's $2.7 billion purchase of U.S. indexes and investment management business Russell Group.Qatar bought a 20.86 percent stake in the LSE in 2007, paying 1,585 pence a share, people familiar with the matter said at the time.At 10:55 GMT, the shares, which have risen more than 12 percent this year, were down 3.1 percent at 1,895 pence.
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