London Stock Exchange approves merger with Frankfurt’s Deutsche Börse

ANDY RAIN

The London Stock Exchange in London, Britain, 24 June 2016. London's financial centre has reacted negatively following the news that Britain voted to leave the EU.

London Stock Exchange approves merger with Frankfurt’s Deutsche Börse


The London Stock Exchange Group (LSEG) shareholders approved a merger with Deusche Börse. The ball now is in Frankfurt. Deutsche Börse shareholders will have until July 12 to decide whether to back the merger.

Before the Brexit vote, London was considered the logical location of the new entity, as the City has overcome New York to become the most important financial center in the world.

The management of both companies seems to be set in going ahead, although the valuation of the LSE is de...


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