Nex just confirmed it is in advanced talks for a £3.8bn sale to CME Group

Nex Group has confirmed that it is in advanced talks for a £3.8bn sale to the world's largest futures exchange.

Bloomberg reported today that the Chicago Mercantile Exchange (CME) was in advanced talks to acquire the broking giant for £3.8bn, sending shares in Nex up 11 per cent.

Nex later confirmed in a statement that it had received a non-binding proposal for the acquisition at £10 per share.

The company said: "Discussions are at an advanced stage; there can be no certainty that an offer for Nex will be made, nor as to the terms of any offer."

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