Finance

Hong Kong Exchanges and Clearing offers $36.6 bln to acquire LSE

Thursday, 12 September 2019 15:19
Hong Kong Exchanges and Clearing offers $36.6 bln to acquire LSE

(Ecofin Agency) - 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



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.