SGX named as suitor in London Metal Exchange deal
SGX is reportedly teaming up with London Stock Exchange for the deal potentially worth 1 billion pounds.
A Reuters report said, “The Singapore Stock Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange, a source with direct knowledge of the matter told Reuters on Friday.”
Last week the world's biggest market for industrial metals said it was considering a sale, with an expected price tag of around 1 billion pounds or $1.57 billion.
Meanwhile, when asked about the LME sale, a spokesperson for SGX had previously said, “We do not comment on media reports nor speculation.”
View the report here.