Hong Kong Stock Exchange Make Surprise Bid to Buy London Stock Exchange Group

Hong Kong Stock Exchange Make Surprise Bid to Buy London Stock Exchange Group

Investing.com  | Sep 11, 2019 10:38

Hong Kong Stock Exchange Make Surprise Bid to Buy London Stock Exchange Group

Investing.com - Hong Kong Exchange and Clearing Ltd (HK:0388) has made a surprise bid to purchase London Stock Exchange Group PLC (LON:LSE), according to a report by Bloomberg.

The bid values LSE Group, one of Europe’s largest exchanges at $36.6 billion (29.6 billion pounds).

“Bringing HKEX and LSEG together will redefine global capital markets for decades to come,” HKEX Chief Executive Charles Li said in a statement Wednesday. “Both businesses have great brands, financial strength and proven growth track records.”

The Hong Kong Exchange already owns the London Metal Exchange.

In August, LSE Group acquired Refinitiv, a financial information provider, for $27 billion.

According to a report by Reuters, HKEX's proposed takeover would only go ahead in the event that LSEG does not proceed with its takeover of Refinitiv.

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Deniz Ucar
Deniz Ucar

And run and owned by rothchilds ;)  ... (Read More)

Sep 11, 2019 09:37 GMT· Reply
Andile Nduli
Andile Nduli

the new world order will be underwritten by China  ... (Read More)

Sep 11, 2019 09:32 GMT· Reply
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