Quebec says will study LSE's offer for TMX

Wed Feb 9, 2011 9:42am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO (Reuters) - The Quebec finance minister said on Wednesday the province will study the London Stock Exchange's takeover offer for the TMX Group, owner of the Montreal Exchange, to ensure it meets Quebec's economic needs.

"We will take our time to study the details of the transaction ... We need to assure that access to capital is maintained for Quebec businesses, if not made better," Raymond Bachand said in a French-language press release.

"The Quebec government's priorities for the Montreal Stock Exchange are the development of the derivatives product sector, as well as the related protection of technology leadership, and the protection of the industry's jobs."

(Reporting by Solarina Ho; editing by Peter Galloway)