LME owner HKEX proposes to buy London Stock Exchange for $37bln

Hong Kong Exchanges & Clearing Ltd (HKEX) has made a proposal to the board of London Stock Exchange Group (LSEG) to buy the stock exchange, combining the two companies.

HKEX is proposing to pay £29.6 billion ($36.5 billion) in cash and shares for the LSE, HKEX said on Wednesday September 11. “Bringing HKEX and LSEG together will redefine global capital markets for decades to come. Both businesses have great brands, financial strength and proven growth track records,” HKEX chief executive officer Charles Li said. “A combined group will be strongly placed to benefit...

Published

Alice Mason

September 11, 2019

11:36 GMT

London