Global Capital Markets

Deutsche Boerse officially proposes merger with Euronext
Story Deutsche Boerse has officially proposed a merger with pan-European counterpart Euronext, according to a Financial Times Deutschland report. The listed German stock exchange issued a statement which said that a merger with Euronext would be the “most attractive” scenario for both stock exchanges. The report noted that the chief executive of Deutsche Boerse, Reto Francioni, wants to hold talks with Euronext about his plans. Euronext has so far stated it would be interested in a merger with London Stock Exchange (LSE), whereas several hedge fund shareholders of Euronext prefer a merger with Deutsche Boerse. The report added that Francioni mentioned he wants the merged stock exchange to be headquartered in the city of Frankfurt and the clearing and settlement operations would not be disposed of. The report mentioned that in the event of a merger, the New York Stock Exchange could be interested in the new business at a later time.

Source Financial Times Deutschland
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