Xavier Rolet says £21bn deal with Deutsche Börse is making good progress and combined firm will be domiciled in Britain
The boss of the London Stock Exchange, which has agreed a £21bn merger with Deutsche Börse, has insisted that the merged company will be based in London and said “good progress” was being made on the deal, despite the UK’s vote to leave the EU.
The referendum result has cast doubt over the merger, which has been approved by shareholders from both companies. Under the terms of the deal, the combined firm will be domiciled in Britain, with head offices in Frankfurt and London, but German politicians and regulators have questioned the London base, and whether the merger should go ahead at all.
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/2aSGsw8
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