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Hong Kong Stock Exchange Make Surprise Bid to Buy London Stock Exchange By Investing.com

© Reuters.

Investing.com – Hong Kong Exchange and Clearing (HK:) has made a surprise bid to purchase London Stock Exchange Group (LON:), according to a report by Bloomberg.

  • The bid values LSE, one of Europe’s largest exchanges at $36.6 billion (29.6 billion pounds)
  • “Bringing HKEX and LSEG together will redefine global capital markets for decades to come,” HKEX Chief Executive Charles Li said in a statement Wednesday. “Both businesses have great brands, financial strength and proven growth track records.”
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