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NewsBreak: Hong Kong Stock Exchange Makes Surprise Bid to Buy LSE

Published 09/11/2019, 05:06 AM
Updated 09/11/2019, 05:18 AM
© Reuters.

Investing.com - Hong Kong Exchange and Clearing (HK:0388) has made a surprise bid to purchase London Stock Exchange Group (LON:LSE), the company said in statements to both exchanges.

  • The bid values LSE, 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 bid threatens to disrupt LSE Group's agreement to buy data provider Refinitiv for $27 billion.

    Latest comments

    Trump *****China on the American dollar and they suffering because they don't have enough to American dollars so they decide to buy the London stock exchange for access to the American dollar go figure
    new world order
    are we sure it is funny...?
    Then we take NYSE.
    Is it possible though
    ... after some years, Hong Kong returns to China. At the end, China controls the London Stock Exchange.. funny move..
    what worries me is Chinese government influence
    This is actually a great move. And I think we should expect a bearish movement on the GBP/JPY pair today
    globalization is only a matter of time....
    lol no idea. but would be epic if it happens.
    Is that even allowed?! One country’s stock exchanges can be bought out by another?
    nasdaq and the nyse are privately owned. ICE, the owner of nyse owns a futures market in both canada and europe
    stocks exchanges are a private corporates ... it can be possible
    yup that works
    Where’s the money come from?
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