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Investors and analysts spot political pitfalls in HKEX-LSE deal

HKEX will also have to work hard to convince LSE shareholders to back its bid over the UK exchange's agreed $27bn takeover of Refinitiv

By

Samuel Agini

and

David Ricketts

Financial market figures are shown on big screens and a ticker in the main entrance at London Stock Exchange
Financial market figures are shown on big screens and a ticker in the main entrance at London Stock Exchange Photo: Getty Images

Hong Kong Exchanges and Clearing’s unexpected £30bn bid for the London Stock Exchange has received a lukewarm reception in the City, with analysts warning any deal would have to overcome significant political obstacles.

HKEX will also have to work hard to convince LSE shareholders to back its bid over the UK exchange’s already-agreed $27bn takeover of Refinitiv — even with the 22% premium it is offering.

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