Hong Kong exchange proposes to buy London exchange

London, Hong Kong Exchanges and Clearing has made a ?32 billion bid to buy the London Stock Exchange (LSE) group.

According to the Financial Times, the operator of the Hong Kong exchange stunned investors with its proposal. The bid stipulates that the LSE refrains from purchasing the data and trading group Refinitiv.

In late July, the LSE agreed to buy the UK-based group for $27 billion.

The LSE said it would consider the offer and make a further announcement.

Source: Jordan News Agency