FED:Swan blocks ASX takeover proposal

AAP General News (Australia)
04-08-2011
FED:Swan blocks ASX takeover proposal

Treasurer WAYNE SWAN has blocked a proposal to merge Australia and Singapore's stock exchanges.

On Tuesday the Foreign Investment Review Board raised concerns about the proposed 8.4
billion dollar deal between the Australian Securities Exchange and the Singapore Stock
Exchange arguing it was not in the national interest.

AAP RTV saj/jcd/nap

KEYWORD: ASX (CANBERRA)

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