Hong Kong Exchanges and Clearing (HKEX) made an unsolicited offer of $36.6 billion to acquire the London Stock Exchange Group. The Asian company says it will pay both in cash and shares for a total of £83.6 for each LSEG share; this is 22.7% higher than the value of LSE share as at September 11, when the offer was made.
“Bringing HKEX and LSEG together will redefine global capital markets for decades to come. Both businesses have great brands, financial strength and proven growth track records,” HKEX Chief Executive Charles Li (pictured) said.
The HKEX’s offer came weeks after LSE announced it wants to acquire Refinitiv, a financial data analysis services provider. If the offer is approved, HKEX would thus have control not only over the London Stock Exchange, the British financial center which is the second largest for listed African companies but also over a vast financial activity.
LSE is establishing strong partnerships with African financial markets, namely Casablanca (Morocco), Johannesburg (South Africa) and Abidjan (Côte d'Ivoire). In addition, there are hundreds of African or Africa-based companies that are listed on the stock exchange, as well as governments that issue bonds on the market.
Idriss Linge
• The five-year plan allocates 388 billion pulas to boost growth and jobs.• Focus areas include tran...
• Parliament approves Virtual Asset Service Providers Bill 2025 to regulate digital assets• Central ...
Indorama to invest $210M in Senegal phosphate sector upgrade ICS to expand fertilizer, acid ...
Copper prices hit $10,775/t, their highest since May 2024, driven by a weak dollar and recent...
• The Bank urges Nigeria to raise excise taxes on alcohol, tobacco, and sugary drinks.• Current rate...
Release by Scatec signed two solar leasing deals: a 23.75 MWp plant in Liberia and a 40 MWp facility in Sierra Leone. The Liberian project will boost...
Ghana’s government plans to exempt import taxes on machines used for agro-food processing to cut costs for processors and boost value addition. Large...
Morocco and Russia signed a memorandum of understanding (MoU) on October 16, 2025, to establish a joint working committee between their foreign...
Congo extends 3G network to 16 rural areas under PATN plan Expansion targets 30,000 people, aims to cut digital divide The Congolese government...
The Great Zimbabwe National Monument stands as one of southern Africa’s most iconic archaeological sites, a silent witness to a thriving African...
African countries prepare to celebrate Intangible Cultural Heritage Day Planned events spotlight traditions, rituals, and cultural...