HKEx among bidders for London Metal Exchange-report

Posted on Feb 20, 2012 02:01:44 PM

HONG KONG Feb 18 (Reuters) – Hong Kong Exchanges and
Clearing Ltd (HKEx), which operates the Hong Kong
bourse, was among bidders for the London Metal Exchange (LME),
looking to expand beyond its main business of equities and into
commodities trading, the South China Morning Post reported on
Saturday citing two unnamed sources.

The HKEx placed a high bid, the English-language daily said,
citing one of the sources who didn’t disclose the amount
offered.

About half of the 15 or so groups that had shown interest in
the LME made initial offers, including NYSE/Euronext,
according to separate sources on Friday.

The HKEx did not immediately return calls by Reuters on
Saturday for comment on the reported bid for the LME.

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