SGX says it is not in merger talks with LSE
The Singapore Exchange, or SGX, says it is not in merger talks with the London Stock Exchange, or LSE.
This is in response to speculation that the exchanges are discussing a potential US$11 billion deal.
A report in a UK newspaper, The Daily Telegraph, said the chief executive of LSE Group has held a series of informal talks with SGX chief executive, Magnus Bocker, about a potential merger.
SGX said in a statement today that it has not engaged in talks with the LSE on a potential merger.
It added that it is open to collaborations and partnerships which may benefit their shareholders and company.
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