Hong Kong withdraws bid for London Stock Exchange

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Hong Kong withdraws bid for London Stock Exchange

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 exten...

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