Hong Kong withdraws bid for London Stock Exchange

clock • 3 min read

Hong Kong Exchanges and Clearing (HKEX) has announced it will not proceed with its bid for the London Stock Exchange. Last month, Hong Kong made an unsolicited $39bn bid for the LSE, which it rejected. In a statement today (8 October), HKEX said the board continues to believe that a combination of LSEG and HKEX is "strategically compelling and would create a world-leading market infrastructure group". The statement added: "Despite engagement with a broad set of regulators and extensive shareholder engagement, the board of HKEX is disappointed that it has been unable to engage wit...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?