HKEx gains U.K. authorization to acquire LME

11/29/2012 | Reuters · Financial Times (tiered subscription model) · Google

The U.K. Financial Services Authority approved Hong Kong Exchanges and Clearing's takeover of the London Metal Exchange. Shortly thereafter, HKEx raised as much as $1 billion from the equity market to help pay for the $2.2 billion purchase. The deal is expected to be completed late next week.

View Full Article in:

Reuters · Financial Times (tiered subscription model) · Google

Published in Briefs: