20 December 2014

LME ponders takeover approaches

26 September 2011  |  4466 views  |  0 London  Bridge

The London Metal Exchange (LME) says it has received "several expressions of interest" that could lead to a takeover. CME Group, IntercontinentalExchange and SGX are all said to be in the running.

In a statement, the 130-year-old bourse says its board will now "begin a formal process which may or may not lead to an acceptable offer for the company being received".

The exchange's members, who own it, think it could be worth more than £1 billion, according to the Financial Times.

Although the LME has refused to name its suitors, CME Group, ICE and Singapore's SGX, which all offer metals trading on a smaller scale than the target, are being widely reported as the most likely bidders.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

03 May, 2011
20 April, 2007

Related company news

 

Featured job

to £90k base, double OTE
London, UK

Find your next job