London Stock Exchange in merger talks with Deutsche Börse

[TomandJerry]

The*London Stock Exchange*is in talks to merge with Germany’s Deutsche Börse in a deal that would seal an alliance first discussed at the turn of the millennium.

The LSE confirmed on Tuesday*it was in detailed discussions*with its German rival about an all-share merger. Under the proposed structure, Deutsche Börse shareholders would own 54.4% of the combined company and LSE shareholders would hold 45.6%.

 

[ofco8]

The*London Stock Exchange*is in talks to merge with Germany’s Deutsche Börse in a deal that would seal an alliance first discussed at the turn of the millennium.

The LSE confirmed on Tuesday*it was in detailed discussions*with its German rival about an all-share merger. Under the proposed structure, Deutsche Börse shareholders would own 54.4% of the combined company and LSE shareholders would hold 45.6%.

In other words a full blown takeover will happen eventually and we lose control of yet another national asset. I thought we were trying to protect the City of London.

 

[skipper734]

Is this more selling the family jewels. Or would it be a hostile takeover?

 

[JC Footy Genius]

A cynical soul might suggest this is a move designed to retain a Germanic vice like grip on our financial goolies just in case we had the temerity to walk away from their pre ordained domination of Europe.

#spintastic

 

[gregbrighton]

UK plc being sold down the river...

 

[AmexRuislip]

More of the Deutsche Borse fingers in financial pies?

https://deutsche-boerse.com/dbg/dis...=irishstockexchangeanddeutscheb&location=home

https://deutsche-boerse.com/dbg/dis...=deutscheboerseandviennastockex&location=home

 

[Monsieur Le Plonk]

....and the referendum is not stalling the merger talks. Maybe a vote to leave won't have the negative effect on the City that some are suggesting.

 

[Leekbrookgull]

....and the referendum is not stalling the merger talks. Maybe a vote to leave won't have the negative effect on the City that some are suggesting.

Which is the correct answer,as Germany will follow suit.

 

[Herr Tubthumper]

Wouldn't happen in Germany

 

[dangull]

Wouldn't happen in Germany

Hitler would not have happened in the UK

 

[Leekbrookgull]

Hitler would not have happened in the UK

and that is why Germayn will follow us.

 

[dwayne]

This deal would purely be commercial. Nothing to do with brexit.

 

[Tom Hark Preston Park]

A cynical soul might suggest this is a move designed to retain a Germanic vice like grip on our financial goolies just in case we had the temerity to walk away from their pre ordained domination of Europe.

Hard to believe that the timing of the move is purely coincidental.

 

[cunning fergus]

....and the referendum is not stalling the merger talks. Maybe a vote to leave won't have the negative effect on the City that some are suggesting.

Indeed, even more interesting is that, as I recall, the European Commission (y'know the Herbertswe can't vote for but who make the laws), previously ruled against this very meger on competition grounds about 10 years ago.

Approving the same merger now will of course indicate the previous ruling was wrong, which to be fair to the Commission (which I am usually not) was probably the right decision.

If they do approve it, it will give the EU the ability to manange how the London market works (if there was was a Brexit?

 

[beorhthelm]

If they do approve it, it will give the EU the ability to manange how the London market works (if there was was a Brexit?

or, it will allow the London market to trade seamlessly within the EU as one big platform. a virtual trading tunnel between The City and Frankfurt