129788422121250000_226According to a foreign news agency reports, the Exchange is in talks with a number of banks, seeking loans of up to $ 3 billion, for acquisition of the London Metal Exchange (LME), which suggests that the HKEx are actively promoting its bid for the London Metal Exchange.
Get Bank support if successful, this will also be the first merger and acquisition loans obtained by the Hong Kong stock exchange. These rumors, The HKEx spokesman said in an interview yesterday, declined to make any comment. As the world's largest metals on the London Metal Exchange futures market, with nearly 135 years of history, between the market valuation of approximately $ 780 million to us $ 2.4 billion. Earlier, spokesman for the London Metal Exchange said
tera gold, has received many offers, the Board had met to discuss the possiblePurchase matters. It is learnt that the due date for the second round of bidding for the London Metal Exchange on May 7.
Sources said, overseas agencies are also involved in the bid for the London Metal Exchange including the Chicago Mercantile Exchange, the Euronext group in New York and United States intercontinental exchanges and so on. As early as January this year, HKEx have announced intention into the commodity market, has subsequently been exposed to joinBid for the London Metal Exchange. Charles Li, Chief Executive of the Hong Kong Exchange has indicated that, taking into account the initial public offering (IPO) of business, there is a significant growth, the Exchange will consider across areas of the stock market
tera power leveling, from March this year outside the settlement, financial derivatives and commodity markets. He noted that "opportunities of commodity markets the greatest", and said "does not preclude the acquisition and the seaForeign markets ".
Mr Li believed that commodity market in the next 10 years the main engine of growth will come from the Mainland, offshore platform for the development of the Hong Kong Exchange can warehouse, time zones and monetary sectors meet the major demands of participants in the Mainland, would not rule out launching renminbi-denominated commodity futures, or index product. Market analysts believe that the HKEx to processBreaking stock area into the commodity market, intended to expand for the major offshore platform for users of goods and international market participants. In many areas, the Exchange will be priority metals, base metals in particular. Global proportion of metal on the London metals exchange futures trading is very large
tera gold, the Exchange, in the successful acquisition of the London Metal Exchange will significantly increase its businessDiversity, and improve its international status. According to public information, commodity bull market in recent years, significant increase in the volume and member of the London Metal Exchange, the metal futures traded around 80% per cent of total global, over 95% transactions are outside the London market.
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