London - The Chairman of the London Metal Exchange (LME) has today issued an update to its shareholders regarding the potential acquisition of the Exchange.

The Board of the LME has received a number of detailed proposals from shortlisted parties in line with the process being conducted on its behalf by Moelis & Company. The Board will now consider the proposals and provide shareholders with further information as appropriate.

The discussions shareholders have held with the LME and its financial advisers during the process have drawn out issues of importance to users of the Exchange. The Board welcomes all input and will engage in further dialogue with the LME's shareholders to reach the best possible outcome for the market.