London Stock Exchange in merger talks with Deutsche Börse

The London Stock Exchange said on the 23 February 2016 that it was in talks to merge with Germany’s Deutsche Börse in a £21bn deal that would seal an alliance first discussed at the turn of the millennium as a part of a consolidation of European stock exchanges.

In a further statement made on the 26 February 2016 the LSE said the combined group would be a UK plc domiciled in London, with headquarters in the British capital and Frankfurt.

In the context of the BREXIT referendum to be held on 23 June 2016, the firms said a joint committee had been set up to advise on the implications of a vote to leave.

The terms of the merger were confirmed in a joint declaration on the 16 March 2016.

• Primary Source

The Guardian, 26.02.16: LSE chief Rolet to retire after Deutsche Börse merger http://www.theguardian.com/business/2016/feb/26/lse-chief-rolet-to-retire-after-deutsche-borse-merger

Deutsche Welle, 26.02.16: London and Frankfurt stock markets to merge regardless of Brexit http://dw.com/p/1I36O

Politico, 16.03.16: London Stock Exchange and Deutsche Börse announce merger http://www.politico.eu/pro/london-stock-exchange-deutsche-borse-conquer-the-world-merger-plan/

Deutsche Welle, 16.03.16: Deutsche Börse, LSE agree 'merger of equals' http://dw.com/p/1IDrq

BBC News, 16.03.16: London Stock Exchange and Deutsche Boerse agree merger http://www.bbc.co.uk/news/business-35818997

The Guardian, 01.06.16: LSE merger with Deutsche Börse likely to result in 1,250 job cuts https://www.theguardian.com/business/2016/jun/01/lse-deutsche-borse-merger-job-cuts-likely

BBC News, 01.06.16: Job cuts in LSE-Deutsche Boerse merger http://www.bbc.co.uk/news/business-36425929

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