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Hong Kong makes £ 31 billion bid on London Stock Exchange

2019-09-11T10:05:23.270Z

The Hong Kong Stock Exchange (HKEX) unexpectedly made a bid of £ 31.6 billion (€ 28.6 billion) on the London Stock Exchange, the London Stock Exchange (LSE). CNN reports that.



The Hong Kong Stock Exchange (HKEX) unexpectedly made a bid of £ 31.6 billion (€ 28.6 billion) on the London Stock Exchange, the London Stock Exchange (LSE). CNN reports that.

Hong Kong wants to "combine the two companies" with the proposal. A deal would redefine the global capital markets in the coming decades, said Charles Li, CEO of HKEX.

The announcement follows shortly after the purchase of financial data company Refinitiv by the London stock exchange. The purpose of the stock market was to become a global player that could compete with the financial services company Bloomberg LP.

A spokesperson for the LSE declined to comment on the message to CNN .

Source: nunl

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