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Hong Kong : Hong Kong Stock Exchange to buy LME for around US$2.2b
Publish Date : 16-Jun-2012
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.
