Hong Kong stock exchange swoops in for London rival

World News: . []

Hong Kong stock exchange swoops in for London rivalThe Hong Kong stock exchange wants to buy its London counterpart to create a $70 billion-company, a bold move that faces big hurdles and will likely raise concerns in Britain about the Chinese government's potential influence over one of the symbols of global capitalism. The London Stock Exchange, a 300-year old institution that was at the heart of a British empire that included Hong Kong, said Wednesday it would consider the cash-and-shares offer that values it at 29.6 billion pounds ($36.6 billion). A deal would give it a lucrative foothold in Asia, a fast-growing region that could be attractive if Britain ends up leaving the European Union without a deal, a scenario that would see an array of trade barriers go up with its neighbors.


Read More: LINK 

Published: .

Search for other references to "hong" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us