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Hong Kong Exchanges and Clearing proposes merger with LSE

Credit: REUTERS/Bobby Yip

Hong Kong Exchanges and Clearing Limited said on Wednesday it has made a proposal to the board of London Stock Exchange Group Plc to combine the two companies which values the LSE at about 29.6 billion pounds ($36.6 billion). [nRSK9618La]

Sept 11 (Reuters) - Hong Kong Exchanges and Clearing Limited 0388.HK said on Wednesday it has made a proposal to the board of London Stock Exchange Group Plc LSE.L to combine the two companies which values the LSE at about 29.6 billion pounds ($36.6 billion).

LSE in August agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg.

($1 = 0.8095 pounds)

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely)

((noor.hussain@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK +91 80 6182 2663 or +91 80 3796 2663 ;))

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