Market Overview

The London And Hong Kong Stock Exchanges Could Merge

Share:
The London And Hong Kong Stock Exchanges Could Merge

The Hong Kong stock exchange has made a proposal to acquire the London Stock Exchange Group PLC for $37 billion, according to The Wall Street Journal.

Hong Kong Exchanges and Clearing has said in a statement that combining the two exchanges would bring together the largest and most significant financial centres in Asia and Europe.

"We believe we have put forward a proposal that is ambitious, far-reaching, and could have a transformative effect on global financial markets," said Charles Li, CEO of the Hong Kong company.

Last month, reports emerged that the LSE had planned to acquire Refinitiv Holdings, which is affiliated with Thomson Reuters. The merger would be worth about $27 billion.

Related Links:

UK Parliament Suspended Until Mid-October, Johnson Preps To Leave EU

Johnson's Brother Quits, Pence Supports PM

Photo: Paternoster Square

Posted-In: Charles Li Hong Kong Stock ExchangeM&A News Eurozone Global Top Stories Markets Best of Benzinga

 

Related Articles (LNSTY)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Zscaler Down 20% On Lower EPS Guidance

A Peek Into The Markets: US Stock Futures Edge Higher Ahead Of Producer Price, Wholesale Inventories Data