Hong Kong Exchanges proposes £31.6 billion London Stock Exchange takeover

LONDON (Reuters) - The Hong Kong Exchanges and Clearing Limited has proposed a 31.6 billion pound takeover of the London Stock Exchange , it said on Wednesday, just weeks after the London bourse announced a plan to merge with data company Refinitiv."The board of HKEX believes a proposed combination with LSEG represents a highly compelling strategic opportunity to create a global market infrastructure leader," the Hong Kong exchange said in a statement.The proposed transaction would only go ahead..