The City and Piazza Affari could become Chinese. There Hong Kong Stock Exchange he almost offered 32 billion pounds – equal to about 36 billion euros – to detect the London Stock Exchange, which it in turn controls the Milan price list. The offer includes debt, cash and shares.
"Hong Kong Exchanges and Clearing Limited announces that it has made a proposal to the board of directors of the London Stock Exchange Group Plc to merge the two companies," reads a note from the company that owns the former British colony stock exchange.
“Combine the Hong Kong and London Stock Exchanges will reshape the capital markets for decades to come”, commented the managing director of the Hong Kong Exchange, Charles Li, presenting the offer for London. “Both companies have great brands, financial strength and a proven track record of growth.”
In detail, Hong Kong Exchanges and Clearing puts on the plate £20,45 and 2.495 new shares of his group for every share of the London Stock Exchange. The offer thus gives the London Stock Exchange a value of £83,61 per share.
In 2012 Hong Kong Exchange had already bought the platform from the London Stock Exchange London Metal Exchange (LME) and now recalls that that deal played a major role in strengthening the competitive position of the UK financial district.
According to the Asian group, since the merger a giant would be born with “a global base, diversified business, ideally positioned to take advantage of the changing global macroeconomic landscape, linking Western markets with emerging Eastern financial markets, especially in China”.
Immediately after the announcement of the offer, the value of the shares of the LSE it jumped up 6,20%, to 7.222,055 pence.
