The exchange giants confirmed merger talks in February
The London Stock Exchange and Deutsche
Boerse, the two largest European exchange groups have formally
agreed terms to merge, less than a month after the firms
confirmed that they were in talks.
"It is the logical evolution for our
companies in a fundamentally changing industry. As a combined
group we will create a European player that will compete on a
global basis," said Carsten Kengeter, Chief Executive Officer
of Deutsche Börse – who will become CEO of the
newly created firm.
The companies confirmed that they were in
talks over a "merger of equals" in February.
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