FundMarket - Stock market of Ukraine - News - Markets
London Stock Exchange buys Canadian [0]
9/2/2011, 16:22 Comment | Discuss
London Stock Exchange (LSE) is at an advanced stage of negotiations to buy Canadian stock exchange operator TMX Group, owner of the Toronto Stock Exchange and the Montreal Exchange derivatives. Reported by the Financial Times, "Interfax-Ukraine".



LSE has officially confirmed that talks with TMX. According to the newspaper, about the transaction could be announced as early as this week.

Joint marketplace will be the world's largest trading platform for equities of companies mining industry (including companies listed on Canada's largest stock exchange, half belong to the primary sector in London - about a third).

The capitalization of LSE is 3,9 billion dollars, TMX - $ 3 billion. When combined, which will be based on the ratio between the level of market value of the two companies, the shareholders UK site will be 56% of the shares of the combined structure.

As expected, CEO of London Stock Exchange Xavier Rola become CEO of the new site, which will become the seventh largest in the world by market capitalization.

Source: Interfax-Ukraine