LSE Shareholders Vote In Favour of Merger With Deutsche Borse: CNBC

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LSE Shareholders Vote In Favour of Merger With Deutsche Borse: CNBC

Postby kreslik.news » Sun Jul 03, 2016 8:40 pm


Shareholders of the London Stock Exchange Group (LSE) have voted 99.89 percent in favour of a merger with Deutsche Borse, CNBC said today.

The $27 billion deal is said to have come under pressure after the Brexit vote but both exchanges have insisted that the deal is “Brexit proof”.

Concerns

Nevertheless, German market regulator BaFin has raised concerns over having the headquarters of a eurozone exchange outside the EU if Britain exited the bloc.

Michael Hewson, chief markets analyst at CMC Markets, told CNBC: “While shareholders could well wave this deal through its hard to ignore the difficulties this deal throws up with ... (read more)

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