Hong Kong Exchange makes surprise US$36.6b bid for London Stock Exchange


The bid comes after LSE agreed to snap up Refinitiv in a $27 billion blockbuster deal just weeks ago, betting on a future dominated by data as the three-century-old exchange seeks to extend its global reach.

LONDON: Hong Kong Exchanges and Clearing Ltd. made a surprise offer for London Stock Exchange Group Plc, valuing one of Europe’s largest exchanges at 29.6 billion pounds ($36.6 billion).

“Bringing HKEX and LSEG together will redefine global capital markets for decades to come, ” HKEX Chief Executive Charles Li said in a statement Wednesday.

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