KARACHI, Pakistan Dec 22 A Pakistan Stock
Exchange official said on Thursday a consortium consisting of
the Shanghai Stock Exchange and Shenzhen Stock Exchange has
offered 28 rupees ($0.2672) per share to buy a 40 percent stake.
"All I can say ... is the Chinese consortium is the top
bidder," PSX Managing Director Nadeem Naqvi told Reuters on
Thursday ahead of an official announcement of the bids.
He said 40 percent of the Karachi-based stock exchange
represents 320 million shares. That would make the potential
deal worth 8.96 billion ($85.5 million)
($1 = 104.8000 Pakistani rupees)
(Writing by Kay Johnson; Editing by Toby Chopra)