Stock Market: HKEX offers to buy LSE

Last updated: 2019/09/11 at 10:49 AM

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Honk Kong Exchanges and Clearing Ltd. has offered to acquire the London Stock Exchange Group Plc.

The HKEX made an offer of £29.6 billion pounds ($36.6 billion) for one of Europe’s and the world’s oldest exchanges.

Bringing HKEX and LSEG together will redefine global capital markets for decades to come,

HKEX Chief Executive Charles Li said in a statement on Wednesday,

Both businesses have great brands, financial strength and proven growth track records.

The LSE is part of the London Stock Exchange group. LSE was founded in 1571 making it one of the oldest exchanges in the world.