Deals
Hong Kong Bourse Said to Tap UBS, HSBC to Court LSE Shareholders
- Credit Suisse has also helped arrange LSE investor meetings
- Hong Kong bourse trying to undercut LSE’s Refinitiv deal
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Hong Kong Exchanges & Clearing Ltd. has started working with UBS Group AG and HSBC Holdings Plc as it begins its charm offensive to convince London Stock Exchange Group Plc investors on the merits of its takeover bid, people familiar with the matter said.
The European banks are being brought in as advisers and are helping HKEX arrange meetings with LSE shareholders, according to the people, who asked not to be identified because the information is private. The Hong Kong bourse was already working with U.S. boutique investment bank Moelis & Co. on the $37 billion bid.