September 11, 2019 / 8:46 AM / a month ago

Hong Kong Exchanges and Clearing proposes merger with LSE

Sept 11 (Reuters) - Hong Kong Exchanges and Clearing Limited said on Wednesday it has made a proposal to the board of London Stock Exchange Group Plc to combine the two companies which values the LSE at about 29.6 billion pounds ($36.6 billion).

LSE in August agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg.

$1 = 0.8095 pounds Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely

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