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EU: Germans close in on London Stock Exchange deal worth £20bn

By  |  March 14, 2016

The London Stock Exchange and Deutsche Boerse are this week set to tell shareholders how their proposed £20bn merger would save hundreds of millions of pounds.

They are also expected to announce that LSE chairman Donald Brydon would stand down from the same position of the merged group after three years.

Under the terms of the proposed merger, the German company would control 54 per cent of the company and would be led by Carsten Kengeter, the current chief executive of Deutsche Boerse. The company will be headquartered in London.

The LSE’s Xavier Rolet will step down if the deal goes ahead and could take home £16m if the deal goes ahead.

And it has now been reported that Brydon is expected to leave the merged company after three years as chairman.

Full content: The Wall Street Journal

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