Hong Kong stock exchange UK FSA approval for $2.2bln LME deal
HONG KONG Nov 29 (Reuters) - Hong Kong Exchanges and Clearing Ltd has won approval from Britain's Financial Services Authority for its proposed $2.2 billion acquisition of the London Metal Exchange, the Hong Kong stock market operator said in a statement on Thursday.
This leaves HKEx with only two more hurdles to closing the transaction. HKEx said a court hearing to approve the deal and confirm capital reduction was expected on Dec. 5, after which it would become unconditional and take effect the next day.
- Man called Bitcoin's father denies ties, leads LA car chase
- Ukraine standoff intensifies, Russia says sanctions will 'boomerang' |
- Florida mayor fights backyard gun ranges in 'Gunshine State'
- Apple loses bid for U.S. ban on Samsung smartphone sales
- 'Everything is fine', Pistorius told guard after shooting girlfriend |