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Hong Kong exchange looks to smash up LSE's Refinitiv deal with surprise swoop

Dating service
LSE lobby
HKEX has offered to buy The London Stock Exchange as part of a £30bn deal

The Hong Kong stock exchange has tabled an audacious £30bn bid for the London Stock Exchange that has sent shockwaves through financial markets, and could pose a political headache for the Government. 

The deal would thwart LSE Group’s £22bn mega deal to buy data business Refinitiv, which was unveiled only last month.

Hong Kong Exchanges and Clearing's (HKEX) shock announcement pushed shares in LSE up 9pc initially before settling to a more moderate 5pc gain to £71.58.

The offer, being a mix of cash and shares, values the stock at £83.61, close to a 25pc premium on yesterday's closing price.

If it passes, the deal would be the largest in HKEX's history. It bought the London Metal Exchange for...

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