World News: 10:11 GMT Wednesday 11th September 2019. [Yahoo Business News Feed via SPi World News]
The Hong Kong Exchanges and Clearing Limited has proposed a 31.6 billion pound ($39 billion) takeover of the London Stock Exchange, it said on Wednesday, just weeks after the London bourse announced a plan to merge with data company Refinitiv. 'The board of HKEX believes a proposed combination with LSEG represents a highly compelling strategic opportunity to create a global market infrastructure leader,' the Hong Kong exchange said in a statement. The proposed transaction would only go ahead if the LSE's proposed takeover of Refinitiv does not proceed, it said.
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