Hong Kong Exchanges and Clearing proposes merger with LSE
Reuters | Wed, September 11, 2019 04:57 EDT
(Reuters) - Hong Kong Exchanges and Clearing Limited said on Wednesday it has made a proposal to the board of London Stock Exchange Group Plc to combine the two companies which values the LSE at about 29.6 billion pounds ($36.6 billion).
LSE in August agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg.
(Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely)
(c) Copyright Thomson Reuters 2019. Click For Restrictions - https://agency.reuters.com/en/copyright.html