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Commodities Briefing - Categorized | Commodities Exchanges, M&A more

HK exchange named in latest LME takeover bid

Posted on 20 February 2012

Hong Kong Exchanges & Clearing has reportedly bid for the London Metal Exchange in an attempt to diversify into commodities trading. The bourse had put in a “high bid”, the South China Morning Post reported. No bid price was disclosed.
The LME, which handles about 80 per cent of global trade in metals futures, has a “good number of bids” to consider for a possible take-over when the board meets on Feb 23, spokesman Chris Evans said at the weekend………………………………………..Full Article: Source


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