Updated: 07/21/2012 02:38

SGX says it is not in merger talks with LSE

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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.