LINE

Text:AAAPrint
Economy

HKEX drops bid for London Stock Exchange Group

1
2019-10-08 13:21:20CGTN Editor : Gu Liping ECNS App Download

Hong Kong Exchanges and Clearing Ltd announced on Tuesday it will not proceed with an offer for London Stock Exchange Group (LSEG).

Hong Kong Exchange made a 39-billion-U.S.-dollar takeover bid for the London Stock Exchange (LSE) on September 11. LSE rejected the offer two days later, saying "the Board has fundamental concerns about the key aspects of the Conditional Proposal."

HKEX said on Tuesday that the Board of HKEX is disappointed that it has been unable to engage with the management of LSEG.

"The Board of HKEX continues to believe that a combination of LSEG and HKEX is strategically compelling and would create a world-leading market infrastructure group," said HKEX in a statement.

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Sports
Odd
Features
ECNS Wire
Biz
Economy
Travel
Photo
CNS Photo
Video
Video
Special Coverage
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2019 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.