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Hong Kong Exchanges said to make offer for London Metal Exchange

Posted on 11 May 2012

Hong Kong Exchanges & Clearing Ltd. (388), Asia’s biggest bourse operator, submitted a takeover bid for the London Metal Exchange, two people with knowledge of the matter said.
“LME is a big opportunity for all exchanges,” Kenneth Yue, an analyst at CCB International Securities Ltd., said in Hong Kong. “If Hong Kong Exchanges can win the bidding, it will definitely be good for the exchange in the long run. Many analysts think that the cash market is mature.”……………………………………….Full Article: Source


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