U.K. Could Block Hong Kong Bid for London Exchange

The U.K. government could refuse to approve a potential $36.6 billion takeover of London Stock Exchange Group PLC by its Hong Kong rival because it forms too critical a part of the country’s financial infrastructure, according to people familiar with the matter. Officials at the Bank of England, who informally advise the U.K. Treasury, believe that the London Stock Exchange’s clearing arm, LCH constitutes crucial market plumbing, according to a person familiar with the matter. This would make any tie-up unlikely to successfully…


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