London Stock Exchange, Deutsche Börse Confirm Merger Discussions
European exchange venues LSE and Deutsche Börse in “detailed discussions” over “merger of equals”.
In a statement, LSE confirmed the merger talks, which would see Deutsche Börse shareholders own 54.4 percent of the combined entity, with LSE shareholders holding the remaining 45.6 percent.
"The Boards believe that the potential merger would represent a compelling opportunity for both companies to strengthen each other in an industry-defining combination, creating a leading European-based global markets infrastructure group," the LSE said in a statement.
Should a merger be completed, key parts of each exchange such as LSE's LCH.Clearnet and Deutsche Börse's Eurex clearing divisions, would continue to operate under current brand names, with "a unitary board composed of equal numbers of LSE and Deutsche Börse directors".
"This potential merger would likely be a cost-savings play," said Rob Boardman, European CEO of brokerage ITG, in a separate statement. "LSE has long admired Eurex and aspired to a stronger derivatives strategy. For Deutsche Börse a deal would likely offer cost savings as well as access to LSE's diverse global distribution, index and post-trade businesses."
A merger between LSE and Deutsche Börse was first mooted and then scrapped in 2000 following a rival bid for LSE from OM Gruppe. A $1.8 billion (£1.3 billion) bid from Deutsche Börse for LSE was rejected in 2005.
Following the announcement, shares in LSE and Deutsche Börse rose 17 percent and seven percent, respectively.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Asset manager Saratoga uses AI to accelerate Ridgeline rollout
The tech provider’s AI assistant helps clients summarize research, client interactions, report generation, as well as interact with the Ridgeline platform.
LSEG rolls out AI-driven collaboration tool, preps Excel tie-in
Nej D’Jelal tells WatersTechnology that the rollout took longer than expected, but more is to come in 2025.
The Waters Cooler: ’Tis the Season!
Everyone is burned out and tired and wants to just chillax in the warm watching some Securities and Exchange Commission videos on YouTube. No? Just me?
It’s just semantics: The web standard that could replace the identifiers you love to hate
Data ontologists say that the IRI, a cousin of the humble URL, could put the various wars over identity resolution to bed—for good.
T. Rowe Price’s Tasitsiomi on the pitfalls of data and the allures of AI
The asset manager’s head of AI and investments data science gets candid on the hype around generative AI and data transparency.
As vulnerability patching gets overwhelming, it’s no-code’s time to shine
Waters Wrap: A large US bank is going all in on a no-code provider in an effort to move away from its Java stack. The bank’s CIO tells Anthony they expect more CIOs to follow this dev movement.
J&J debuts AI data contracts management tool
J&J’s new GARD service will use AI to help data pros query data contracts and license agreements.
An AI-first approach to model risk management
Firms must define their AI risk appetite before trying to manage or model it, says Christophe Rougeaux