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Deutsche Börse, LSE agree 'merger of equals
http://www.dw.com/en/deutsche-b%C3%B6rse-lse-agree-merger-of-equals/a-19119550Deutsche Börse and the London Stock Exchange (LSE) have reached agreement on the terms of their merger. The new company will maintain headquarters in Frankfurt and London.
Deutsche Börse, LSE agree 'merger of equals
Nicole Goebel
16.03.2016
The two stock exchange operators announced the terms of what they called a "merger of equals" in a joint declaration on Wednesday.
A new holding company called UKTopCo will be created, based in London. But the merged company will maintain its operational headquarters in both Frankfurt and London.
"We're strengthening the connection between the two leading financial centers in Europe - Frankfurt and London - to build a European network with Luxembourg, Paris and Milan. That way we can strengthen capital markets in the whole of Europe," Deutsche Börse CEO Carsten Kengeter said in the declaration.
Kengeter will also serve as chief executive of the combined group, the LSE's Donald Brydon is to become chairman.
