HKEX overture fails to move LSE and Refinitiv stakeholders

LSE PA 230 150
By Karoliina Liimatainen, Silas Brown
12 Sep 2019

Several participants familiar with the London Stock Exchange Group's (LSEG) bid to buy Refinitiv are unimpressed by Hong Kong Exchanges and Clearing's (HKEX) £31.6bn bid for the LSEG itself and believe it unlikely to tempt shareholders. Silas Brown and Karoliina Liimatainen report.

The uninvited bid from HKEX seemed at first glance a threat to LSEG’s $27bn plan to buy financial information company Refinitiv, a central plank of its strategy under CEO David Schwimmer. HKEX's offer, presented on Wednesday, is conditional on the Refinitiv takeover “being terminated, lapsing, being withdrawn or ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.