LSE confirms merger discussions with Deutsche Boerse

Tuesday, 23. February 2016 15:08

London Stock Exchange (LSE) and Deutsche Boerse share prices rocketed 17.86% and 7.79%, respectively, on Tuesday (3:05 p.m. CET) after LSE confirmed earlier the two stock exchanges were in “detailed discussions about a potential merger of equals of the two businesses,” according to media sources.

The merger would create “a leading European-based global markets infrastructure group,” according to the Guardian citing the statement. 

"The combination of LSE and Deutsche Boerse’s complementary growth strategies, products, services and geographic footprint would be expected to deliver an enhanced ability to provide a full service offering to customers on a global basis," the statement added.

Under the deal, Deutsche Boerse's shareholders would hold 54.4% of the new company, while LSE shareholders would hold 45.6%, the Guardian reported. 

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