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UK: London fights German bid to move merged LSE

 |  December 13, 2016

UK policymakers have hit back at German calls to base the merged London Stock Exchange-Deutsche Börse outside London amid looming EU objections to the merged group’s clearing business.

Deutsche Börse is facing calls from political factions in the German state of Hesse to move the holding company to the continent because of Brexit.

Hesse regulates Deutsche Börse’s Frankfurt stock exchange and has the power to remove its licence if it dislikes the £21 billion deal.

Separately, the LSE and Deutsche are due to receive a list of objections from EU competition authorities tomorrow. They are understood to focus on the clearing business but will steer clear of other areas like equities.

Full Content: Standard

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