23 March 2017
visit nextgenbanking.co.uk

Nyse Euronext and CME Group make LME bids - Bloomberg

17 February 2012  |  4802 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

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comParticipate in the surveyvisit abe-eba.eu

Top topics

Most viewed Most shared
Bank of England sets up fintech Community; runs blockchain and AI trialsBank of England sets up fintech Community;...
16225 views comments | 33 tweets | 26 linkedin
hands typing furiouslyMachine Learning: Lessons for Banks From S...
10082 views 0 | 11 tweets | 8 linkedin
satellite26 Japanese banks register for Exchange-ru...
7480 views comments | 2 tweets | 1 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
7449 views comments | 21 tweets | 36 linkedin
Swift outlines ‘compliance utility’ ambitions; plans for next stage of gpi projectSwift outlines ‘compliance utility’ ambiti...
6513 views comments | 5 tweets | 18 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job