LONDON (Reuters) – Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover bid for the London Inventory Alternate (LSE.L), a suggestion contingent on the LSE ditching its acquisition of information firm Refinitiv.

FILE PHOTO: The title of Hong Kong Exchanges and Clearing Restricted is displayed on the entrance in Hong Kong, China January 24, 2018. REUTERS/Bobby Yip/File Picture

The mixture would assist each exchanges compete higher with rivals like ICE (ICE.N) and CME (CME.O) from the US. The LSE has lengthy sought to bolster its presence in Asia and not too long ago launched a hyperlink scheme with HKEX competitor Shanghai.

“The board…

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