Hong Kong Stock Exchange To Acquire the London Stock Exchange

Less than a minute

Hong Kong’s Stock exchange plans to acquire the London Stock Exchange Group PLC at $37 billion. As per the Hong Kong Exchanges and Clearing Ltd. this combination will create a global leader in capital flows and financial data. This offer also aims at thwarting a collaboration between LSE and Refinitiv. LSE would consider the HKEX proposal and will remain committed to acquiring Refinitiv.

HKEX Chief Executive Charles Li said on Wednesday that “We believe we have put forward a proposal that is ambitious, far-reaching, and could have a transformative effect on global financial markets”.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.