Hong Kong Exchanges offers $39bn to take over LSE
The London Stock Exchange has long sought to bolster its presence in Asia and recently launched a link scheme with HKEX competitor Shanghai
11 September 2019 - 15:44
London — Hong Kong Exchanges and Clearing (HKEX) has made an unsolicited $39bn takeover approach for the London Stock Exchange, a proposal contingent on the LSE ditching its acquisition of data company Refinitiv.
The move comes at a time of political turmoil in both Hong Kong and London and is aimed at creating a global trading power better able to compete with US rivals such as ICE and CME...
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