Thursday, April 13, 2006
JSE open to takeover by LSE
The Johannesburg Stock Exchange (JSE) would support a takeover bid by the London Stock Exchange (LSE), according to a report in Moneyweb.
The report cited JSE CEO Russell Loubser as saying that if the LSE wanted to buy 100% of the JSE with the intention of developing South African financial markets, he would support it.
Loubser also explained that the JSE based its listing requirements on LSE regulations.
The JSE has a market capitalisation of about ZAR 1.8bn (about USD 295m).
SourceMoneyweb (SA)"
The report cited JSE CEO Russell Loubser as saying that if the LSE wanted to buy 100% of the JSE with the intention of developing South African financial markets, he would support it.
Loubser also explained that the JSE based its listing requirements on LSE regulations.
The JSE has a market capitalisation of about ZAR 1.8bn (about USD 295m).
SourceMoneyweb (SA)"
