The banking sector is betting that London will lose its financial leadership

jinathjemi66666

The Hong Kong Stock Exchange has assured in its statement that its offer is conditional on LSEG shareholders rejecting this agreement or withdrawing its offer for Refinitiv . "The London Stock Exchange remains committed and continues to make progress on its proposed purchase of Refinitiv," LSEG said in a statement. The offer, valued at 8,361 pence  euros) for each LSEG share, represents a premium per share of 23% with respect to the closing price of the London Stock Exchange shares on September 10 , the day before the offer was announced, according to HKEX.

The Hong Hong Stock Exchange is offering 2,045 pence (just under 23 euros) in cash and 2,495 newly issued HKEX shares for each LSEG share, valuing the London Stock Exchange at $29.6 billion (about 33.2 billion euros). ). Read more:  5 IPOs that can liven up the stock markets in 2019 Shares on the London Stock Exchange rose 6.5% following this news. The Hong Kong Stock Exchange has until October 9 to make  Middle East Phone Number List  a firm offer , they have stated. HKEX CEO Charles Li has stated on his website that the merger " will create a leading global market spanning Asia, Europe and the US ." "Together," Li added, "they will provide an unprecedented cross-market connectivity platform for global market participants , ushering in a new generation of opportunities in the world's first truly global market."



Stock markets have been facing headwinds from alternative investment centers and new regulations. The London Stock Exchange has a long history of failed mergers, by Intercontinental Exchange and its German rival Deutsche Boerse . Read more:  Fintechs protest: Brexit will cause a "lost generation" of businesses in London Both the London and Hong Kong Stock Exchanges are located in cities facing political movements that threaten their businesses . LSEG is expected to lose what could have been one of its biggest deals, the listing of Saudi Arabian oil giant Saudi Aramco , while  Alibaba has delayed its listing in Hong Kong due to unrest in the city.