Prospectus issued to shareholders says cuts necessary to achieve planned cost savings of €450m by third year after completion
The planned £20bn merger between the London Stock Exchange and Deutsche Börse, which is set to create the world’s biggest exchange group, is likely to result in 1,250 job cuts.
The prospectus issued to shareholders said the cuts would be necessary to achieve planned cost savings of €450m (£350m) by the third year after completion of the deal. At the same time, more than 550 new jobs could be created as a result of anticipated revenue growth and the use of offshore locations.
Related: France airs fears over London Stock Exchange merger with Deutsche Börse
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/1TXFRYp
No comments:
Post a Comment