Business

Friday 24 November 2017

Deutsche Boerse sees €450m cost savings in London Stock Exchange merger

REUTERS/Toby Melville/Files
REUTERS/Toby Melville/Files

Deutsche Boerse on Wednesday said it had reached a merger agreement with the London Stock Exchange and saw potential cost savings of €450m per year for the combined company.

"The combination will offer significant value creation potential," Deutsche Boerse said in a statement, calculating total cost savings of €450m per year or about 20pc of the combined group's adjusted operating costs of €2.2bn in 2015, it said in a statement.

The German exchange operator said cost savings were in addition to those already planned by Deutsche Boerse and LSE.

Reuters

Promoted Links

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Also in Business