11 September 2019

Hong Kong makes bid for London Stock Exchange

Written By FinTech Alliance in Stock Exchanges

Hong Kong makes bid for London Stock Exchange

The Hong Kong Stock Exchange (HKEX) has made an unsolicited offer to buy the London Stock Exchange (LSE).

In Brief:

  • The deal would be worth over £30bn in cash and shares.

  • This is contingent on LSE’s bid to buy Refinitiv for £22bn falling through.

  • The London exchange says it is still committed to the Refinitiv deal.

What does this mean?

The deal could make both exchanges more competitive against rivals. Amid Brexit uncertainty, Hong Kong is showing increasing interest in the UK with ‘Superman’ Li Ka-Shing having just bought Greene King for £4.6bn.

Read more here.

Up Next ...
22 November 2024

Eden AI raises €3M seed round to bridge the gap between AI models and business needs

Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...

22 November 2024

City Bank Adopts TranzAxis for E-Commerce Payment Solutions

This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.

22 November 2024

Zellis summit maps bold future of innovation

Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features

21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

More in Stock Exchanges

FCA to ‘simplify’ IPO rules

03 May 2023

Move comes after Arm snubs London listingIN BREIF:- The simplification ...

SIBOS exclusive: Hong Kong Exchange still hopes to buy London Exchange as CEO says it’s time to “think big”

25 September 2019

At SIBOS 2019, CEO of Hong Kong Echanges and Clearing Limited Charles Li, reiterated the company&rsq...

There are no Knowledge Bank in this category

There are no Events in this category