Investing.com | Sep 11, 2019 10:38
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.
Written By: Investing.com
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