Hong Kong Stock Exchange makes £32bn move for London counterpart
Proposal to LSE board will only proceed if deal for Refinitiv is terminated or voted down
The Hong Kong Stock Exchange has made a surprise £32bn bid approach to take over the London Stock Exchange Group.
It comes weeks after LSE agreed a $27bn (£22bn) all-share deal to take control of Refinitiv, a move the company said would transform it into a UK-headquartered, global rival to Michael Bloomberg’s financial news and data business.