World News: 17:55 GMT Wednesday 11th September 2019. [Yahoo Business News Feed via SPi World News]
The 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.
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