Discussions about a potential merger between Japanese bourses Tokyo Stock Exchange (TSE) and the Osaka Securities Exchange have been delayed over valuations, Financial Times reports. The deal may still come through without the TSE making an initial public offering (IPO) first.
The planned merger, which will create Japan’s biggest exchange and a powerhouse in equities and derivatives, will also make it the third largest bourse globally in terms of market capitalization of its listed companies. The two bourses have been holding weekly talks that may not necessarily bring about a merger but they may weigh integrating their businesses in some way.
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