Hong Kong Stock Exchange finishes takeover of London's LME Holdings
December 8, 2012, 12:05 am TWN
LONDON -- The Hong Kong Stock Exchange on Thursday completed its takeover of the London Metal Exchange, the pair said in a statement.
"Hong Kong Exchanges and Clearing Limited (HKEx) and LME Holdings Limited (LME Holdings), the parent company of The London Metal Exchange Limited (LME), are pleased to announce that the acquisition of the entire issued ordinary share capital of LME Holdings by HKEx has completed today," they said.
HKEx, the holding company of Hong Kong's bourse, agreed to buy the 135-year-old LME in June, when it was valued at 1.39 billion pounds (US$2.15 billion, 1.77 billion euros).