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Tuesday, Nov 24, 2020

Hong Kong bourse drops $36.1 billion bid to buy London Stock Exchange

Hong Kong bourse drops $36.1 billion bid to buy London Stock Exchange

Hong Kong Exchanges and Clearing Ltd, the operator of the Hong Kong stock exchange, said on Tuesday that it will not proceed with its 29.6 billion pounds ($36.1 billion) bid for the London Stock Exchange (LSE), as it has been unable to convince the LSE management about its vision of creating "a world-leading market infrastructure group".
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