SGX: is among 3 potential suitors for London Metal Exchange (LME). Acquisition of LME, the world's largest metals trading exchange, wld give the buyer a strong foothold in the global metals trade. LME deals with ~80% of global trade in metal futures. The potential bidders are SGX, CME Group and IntercontinentalExchange (ICE), and all 3 have declined comment on the report. Estimates place LME’s worth at ~£1.0bn or $2.0b.
SGX is also said to be interested to team up with 1 of the bidders for LCH.Clearnet, London's biggest clearing house. London Stock Exchange and Markit are reported to be the 2 remaining bidders for LCH.Clearnet.
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