LSE says no formal approach from Macquarie

The London Stock Exchange (LSE) said this morning it had received no formal approach from Australian investment bank Macquarie regarding a takeover.

Macquarie said in a statement released alongside its annual report that it was "considering a number of potential acquisition opportunities which includes a possible formal approach being made to the London Stock Exchange".

Any offer would be cash-only and would come from a consortium of which Macquarie was a member, the bank added.

Recent investments by Macquarie include shopping malls in China and bridges and power stations in Korea. An earlier £1.4 billion approach to the LSE by Deutsche Borse

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