08 February 2016

Nyse Euronext and CME Group make LME bids - Bloomberg

17 February 2012  |  4469 views  |  0 Buy Road sign

Nyse Euronext and CME Group have both submitted bids for the London Metals Exchange (LME), according to Bloomberg.

In September the 130-year-old LME revealed it had received several expressions of interest and began a formal process to look at its options.

A deadline for bids was set for 15 February and both Nyse Euronext and CME Group have thrown their hats into the ring, says Bloomberg, citing sources.

According to the Financial Times, another suitor is IntercontinentalExchange but Deutsche Börse has decided not to enter the running and the London Stock Exchange is "unlikely" to bid. The LME board will now meet on 23 February to consider offers.

CME Said to Bid for London Metal Exchange, May Compete With NYSE Euronext - Bloomberg

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