The European exchanges said they see "substantial revenue and cost synergies"
The London Stock Exchange and Deutsche
Boerse, the two largest European exchange groups, have said
they are in talks over a "merger of equals", drawing a line
under months of speculation about a possible tie-up.
The LSE said in a regulatory statement on
Tuesday the British group and the Frankfurt-based exchange are
in "detailed talks on a potential merger" and that Deutsche
Boerse would hold 54.4% of the shares in the new firm while the
LSE will have the remainder.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.