Hong Kong proposes $70b London Stock Exchange takeover Sep 11, 2019 —
The Hong Kong Exchanges and Clearing Limited has proposed a £31.6 billion pound ($70 billion) takeover of the London Stock Exchange, it said on Wednesday, just weeks after the London bourse announced a plan to merge with data company Refinitiv."The board of HKEX believes a proposed combination with LSEG represents a highly compelling strategic opportunity to create a global market infrastructure leader," the Hong Kong exchange said in a statement.
The proposed transaction would only go ahead if the LSE's proposed takeover of Refinitiv does not proceed, it said.
