THE INDEPENDENT
LME ponders bids from suitors
Edited by : AL CIRCLE
1 min read
The London Metal Exchange, the world's top market for industrial metals such as copper and aluminum, is considering selling itself after receiving bid approaches.
The LME, which is owned by the trading houses and banks that use the market, said it was being advised by investment bank Moelis & Company, but declined to identify its suitors.
"The London Metal Exchange (LME) has received several expressions of interest with regard to potential strategic transactions," a statement said.
The LME, which is owned by the trading houses and banks that use the market, said it was being advised by investment bank Moelis & Company, but declined to identify its suitors.
"The London Metal Exchange (LME) has received several expressions of interest with regard to potential strategic transactions," a statement said.
Tagged with:LME
Previous article
Hindalco Industries: Buy
Next articleGuangxi Yinhai Aluminium cuts total capacity by 190,000 mt/year
Grow with
AL Circle
