Ernst & Young finds a lot to like in the TMX Group and LSE merger
Ernst & Young supports the merger of the TMX Group and LSE since it believes that the respective strengths of the two exchanges would complement one another.
In a report looking at increased market capitalization on the TSX by miners, Ernst & Young says that both the LSE and TSX provide rich sources of capital to companies at different stages in the mining lifecycle. While the TSX is good at attracting startup and exploration companies, the LSE is focused on developed and diversified businesses.
“Mining is truly a global industry, where companies seek capital from investors across the globe. A merger of these premier markets would bring together two complementary platforms, widening mining companies’ access to capital,” says Tom Whelan, Leader of Ernst & Young’s national mining and metals practice.
Michael Allan McCrae wrote this story. You can contact him at [email protected].