Questions refer to the following article.
One of Britain’ s last great independent financial markets has agreed to sell itself to China.
The 137-year-old London Metal Exchange has agreed a £1.4bn takeover from Hong Kong Exchanges and Clearing (HKEx) nine-mouth auction process which saw bids from Inter Continental Exchange, CME Group, and NYSE Nasdaq.
The deal will mean massive windfalls for the LME’s largest shareholders, JP Morgan, Goldman Sachs and Metdist, the brokerage owned by the LME’s former chairman Raj Bagri’s family.
Which of the following statements is TRUE according to the article?( )