The Hong Kong stock exchange said on Friday it agreed to buy the London Metal Exchange (LME) in a deal valuing the 135-year old commodities exchange operator at 1.4 billion pounds (US$2.18 billion).
Hong Kong Exchanges and Clearing Ltd, as the exchange is known, was pitted against US InterContinental Exchange and other exchanges in the competitive auction.
Hong Kong Exchanges and Clearing Ltd, as the exchange is known, was pitted against US InterContinental Exchange and other exchanges in the competitive auction.