Former Tory treasurer agrees £3.9bn deal with world’s largest futures exchangeThe world’s largest futures exchange,CME Group, has agreed to buy Michael Spencer’s Nex Group in a £3.9bn deal that will net the former Tory party treasurer £670m.
CME also picked London as its European headquarters, or giving a much-needed boost to the UK government during its Brexit negotiations. The drag comes after CME’s decision last year to shut its loss-making London bourse and clearing house.
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Source: guardian.co.uk