Alexa

HK exchange considers London Metal Exchange bid

HK exchange considers London Metal Exchange bid

Hong Kong's stock market operator says it's studying the possibility of making a bid for London's metal trading market.
Hong Kong Exchanges and Clearing Ltd. said Monday that it understands it's one of a number of parties examining a possible acquisition of the London Metal Exchange.
The company's statement notes the London Metal Exchange said in December that one option for its future included becoming part of a larger group and it has hired advisers for that purpose.
Hong Kong Exchanges said it's taking part in that process but there's no certainty what the outcome will be.
Hong Kong Exchanges earlier this year said it wanted to expand into commodities because its traditional equities business was maturing.


Updated : 2021-03-01 06:36 GMT+08:00