LME Gets Feelers From Potential Bidders

A number of potential buyers have expressed interest in the London Metal Exchange.

A number of potential buyers have expressed interest in the London Metal Exchange (LME), Financial Times reports. CME Group, the Singapore Exchange and IntercontinentalExchange are among the likely bidders. The LME is expected to fetch more than £1 billion. The price will have to be negotiated with the 92 members of the exchange, many of which also hold shares in it. The biggest shareholders include Goldman Sachs Group, J.P. Morgan, MF Global and UBS, which between them hold a third of the exchange.

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