Deutsche Borse-LSE claim Brexit won't affect merger

LSE and Deutsche Boerse claim EU referendum result won't affect proposed merger.
By Jonathan Watkins
Deutsche Borse and the London Stock Exchange have issued a joint statement highlighting that the referendum outcome will not effect their proposed merger.

The exchange groups stated that they do not believe the out one impacts ‘the compelling strategic rationale of the Merger’.

“The decision of the UK to leave the EU makes it ever more important to maintain and foster ties between the UK and Europe,” said Joachim Faber, Chairman of the Supervisory Board of Deutsche Börse and Chairman of the Referendum Committee. “We are convinced that the importance of the proposed combination of Deutsche Börse and LSEG has increased even further for our customers and will provide benefits for them as well as our shareholders and other stakeholders.”

LSEG shareholders will be asked to approve the merger on 4 July 2016 which will see two of Europe’s largest exchange groups come together.