7 ms·
Deutsche Boerse tried to buy LSE for years, but the EU blocked it in 2017. I fail to see how this deal would be any better; financial markets are global so why
by italophil 7y ago
Deutsche Boerse tried to buy LSE for years, but the EU blocked it in 2017. I fail to see how this deal would be any better; financial markets are global so why does it matter where the acquirer sits.
- deleted 7y ago[deleted]
- bassman9000 7y agoNot where, who. HKEX owned by HK gov, that is, China.
- ddeck 7y agoThis is incorrect. HKEX (which wholly owns the Stock Exchange of Hong Kong) is a publicly listed company. The HK Governeent owns 5.4%[1]. [1] https://www1.hkexnews.hk/listedco/listconews/sehk/2018/0319/ltn20180319293.pdf https://www1.hkexnews.hk/listedco/listconews/sehk/2018/0319/...
- baq 7y agowe both know that china plays the long game and in the long game there's one china - and in one china, government owns whatever it wants to own.
- sdinsn 7y agoTheir percentage ownership is irrelevant. The Chinese government, being abusive and authoritarian, asserts as much control as they would like.
- mytailorisrich 7y agoThe EU blocked the deal because it would have created a monopoly on some services, at least within the EU. It seems unlikely that this deal would create a monopoly.
- irishsultan 7y agoIt's also unclear whether the UK will still be part of the EU by the time this deal would go through.
- swarnie_ 7y agoWhat jurisdiction does the EU have over a UK business and its HK buyer in 6 weeks?
- dv_dt 7y agoAlso relevant I think, what jurisdiction will China have over HK in 6 years?
- avocado4 7y agoIt doesn't look like Brexit is going to happen as of now.
- Scoundreller 7y ago64% likelihood of continuing EU jurisdiction according to this prediction market: https://www.predictit.org/markets/detail/5429/Will-the-UK-officially-exit-the-European-Union-by-Nov-1 https://www.predictit.org/markets/detail/5429/Will-the-UK-of...
- swarnie_ 7y agoThat's just a prediction. Currently, legally my question still stands.
- Scoundreller 7y agoCurrently, the law is subject to change. And has been multiple times.