Friday, November 30, 2012

HKEx drives on with new offering to fund LME takeover





Hong Kong Exchanges and Clearing is making its first share offering since it was listed, aiming to raise US$800 million following the British regulator's approval yesterday for HKEx's takeover of the London Metal Exchange.


The Financial Services Authority gave the go-ahead for HKEx's £1.39 billion (HK$17.24 billion) bid for the LME, the world's biggest metal exchange.









via Business feed http://www.scmp.com/business/money/markets-investing/article/1094133/hkex-drives-new-offering-fund-lme-takeover

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