Takeover: The Hong Kong Stock Exchange has bid US$36bil for its London rival to bring together the largest financial hubs in Asia and Europe. — AFP
HONG KONG: Hong Kong Exchanges and Clearing Ltd (HKEX) made an unexpected bid for London Stock Exchange Group Plc (LSE), which could potentially throw the European exchange’s own transformative deal into jeopardy.
The transaction values one of Europe’s largest exchanges at £29.6bil (US$36.6bil), according to a HKEX statement yesterday.
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