Sale of MF Global's LME Shares Separate to Deal For Metals Team

The sale of the metals team of MF Global Holdings Ltd. is being conducted as a separate process from the sale of the U.S. brokerage firm's near 6% stake in the London Metal Exchange due to "a high level of interest," a person familiar with the matter said. Given the interest, the process to sell the shares is unlikely to be conducted as a fire sale, the person said. MF Global is the fourth-largest holder of LME shares, with 600,000 shares, or 5.9%, and is a category-one member of the exchange, ...