Former Trading and technology editor

A sale of the London Metal Exchange, host of London’s last open outcry trading floor, will result in a multimillion pound pay day for more than 30 of its members.

The biggest winner would be metals trading firm Metdist, owned by the family of Lord Bagri, a former chairman of the LME, according to the latest Companies House filings. Assuming that the exchange is sold for £1bn, then Metdist, which has an 8.7% stake in it, would take away £87m.

Multimillion pound pay day for LME holders

A sale of the London Metal Exchange will result in a multimillion pound pay day for more than 30 of its members

Rebecca Hampson

Tim Cave

JP Morgan

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