London Stock Exchange considers Stockholm bourse bid

The London Stock Exchange PLC is considering a takeover bid for Swedish counterpart OMX Gruppen, the Financial Mail on Sunday reported, without citing sources.

The takeover of the £1.3 billion OMX would propel the LSE into the FTSE 100 index, it said.

Only five years ago, the Swedes launched their own bid for LSE. The bid, however, failed due to lack of shareholder support.