Monday 21 August 2017

Brexit 'wouldn't hit LSE merger plans'

Brexit
Brexit

A British vote to leave the EU could be a threat to any rival bidder from the United States for the London Stock Exchange but would not undermine the planned $30bn merger between Deutsche Boerse and LSE, the German exchange's finance chief said in 'Euro am Sonntag'.

"The merger makes sense regardless of Brexit. That is why it is not a risk for us," Deutsche Boerse finance chief Gregor Pottmeyer said in an interview with the weekly publication.

"It could be a risk for US exchanges, which could present a counter offer for the LSE," he said, addign that a British exit from the EU would mean that a US exchange would no longer have a bridge to the bloc.

Deutsche Boerse and LSE said in February they were in talks to create the world's biggest exchange by revenue.

Reuters

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