Bags: London and Milan merge with Frankfurt – The Republic

MILAN – Agreement did, crowning the persistent rumors about it, including the Frankfurt Stock Exchange and the London Stock Exchange for a merger of equals. The shareholders of the London Stock Exchange, reports Bloomberg , will have approximately 45.6% of the new group while those of Deutsche Borse approximately 54.4%. The new company will retain its offices in London and Frankfurt and chairman Donald will Bryndon.

The merger will be realized through the creation of a holding company in Britain, which will acquire the LSE Group. The London Stock Exchange’s shareholders will receive 0.4421 shares of the new holding company for each share they currently own. At the end of the operation members of the Frankfurt stock exchange will have 54.4% of the new group and shareholders of the London Stock Exchange 45.6%. The operation, he explains, should generate synergies of € 450 million a year from the third year from the integration. The enhancement of the new entity is indicated in 21 billion.

The President of the LSE Group, Donald Brydon, will be chairman of the new group, the CEO of Deutsche Boerse, Carsten Kengeter, will be to while the current at the LSE, Xavier Rolet, will leave the group.

in the LSE group recited a few years ago an important role Italian banks, which had surrendered to the British, Piazza Affari remained important members in the capital. For some time, however, it is no longer the case with Italians investors who have a smaller array to make room for other investors: to date, the major shareholder of the LSE is the Qatar.

In the game today had defined tried to even enter the Ice, which controls Wall Street, but the whole European option at the end has been successful. A signal, some will say, ahead of the end of June referendum on the permanence or otherwise of the UK in the Old Continent. The two CEO have spoken: the Brexit would not change anything in terms of the merger. The two top executives have not ruled out the possibility, however, if you were to really get to a Brexit, regulatory changes. For the conditions applied to the merger, in any case, is not the possibility of a further post-Brexit negotiation.

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LSE

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London Stock Exchange

Frankfurt Stock Exchange

Milan Stock

European shares

London stock exchange

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