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China-led consortium wins 40% stake in Pakistan bourse

Bidding took place in December; deal to be sealed on Jan. 20

The Pakistan Stock Exchange in Karachi (Photo by Akiyoshi Inoue)

NEW DELHI/SHANGHAI -- A consortium led by Chinese stock exchanges has obtained approval to buy a 40% stake in the Pakistan Stock Exchange, or PSX, The Nikkei has confirmed with Haroon Askari, the bourse's deputy managing director.

The deal marks the first time in which a Chinese exchange has become a top shareholder of an overseas bourse.

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