US Markets

UK watchdog says has no view yet on Hong Kong exchange bid for LSE

Credit: REUTERS/PETER NICHOLLS

Britain's markets watchdog said on Monday it has yet to take a position on whether the Hong Kong exchange's $39 billion rebuffed offer for the London Stock Exchange should go ahead.

LONDON, Sept 16 (Reuters) - Britain's markets watchdog said on Monday it has yet to take a position on whether the Hong Kong exchange's $39 billion rebuffed offer for the London Stock Exchange should go ahead.

There is no firm proposal on the table at the moment and any comment in the media that the Financial Conduct Authority has reached a position should be discounted totally, FCA Chief Executive Andrew Bailey said at a Bloomberg event.

"We are listening, we are observing," Bailey said, adding that the FCA would only take a position once a firm proposal has been made. A bid would need approval from the FCA and several other regulators from across the world to go ahead.

(Reporting by Huw Jones; editing by Jason Neely)

((huw.jones@thomsonreuters.com; +44 207 542 3326; Reuters Messaging: huw.jones.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest US Markets Videos

#TradeTalks: Traders See Plenty of Opportunity, but Should Investors Aggressively Buy the Dip?

Shawn Cruz, Manager, Trader Services at TD Ameritrade, joins Jill Malandrino on #TradeTalks to discuss whether or not investors should aggressively buy the dip.

16 hours ago

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More