HKEx Completes LME Acquisition
HKEx had previously gained approval from the UK Financial Services Authority, bringing the process started earlier this year to an end. LME has now been absorbed into the parent company.
"The LME will remain the world's foremost base metals exchange thanks to HKEx's position in Asia, its infrastructure and resources," says Martin Abbott, chief executive at the LME. "We begin a new chapter today but the LME is more secure than at any point in its 135-year history."
A number of board changes also follow the deal completion.
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