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Why the HKEx’s purchase of LME works for China – opinion
June 20, 2012
The bourse operator paid a lot to buy London Metal Exchange, but the purchase may underpin Hong Kong’s financial appeal and spread the renminbi’s influence too.
The appeal of Hong Kong Exchange & Clearing’s (HKEx) £1.4 billion (US$2.2 billion) bid for London Metal Exchange (LME) appealed to shareholders in the latter for two reasons: it was a very generous takeover price, and it offered the possibility...
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