Exchange giants’ combination has been termed a “merger of equals”
The news on Wednesday that the proposed
merger between Deutsche Boerse and the London Stock Exchange
Group has been agreed, while not a shock to the market, has
reignited questions over competition, as well as the effect
that the creation of a new behemoth would have on the
Professor John Colley from Warwick
Business School said: "The savings seem rather meagre in a
merger which appears to be designed to avoid upsetting staff,
directors and, indeed, competition authorities."
The London Stock Exchange and Deutsche
Boerse, the two largest European exchange groups
earlier Wednesday confirmed that they have formally agreed
terms to merge, less than a month after the firms said that
they were in talks.
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