- London Stock Exchange (OTCPK:LDNXF) and Deutsche Boerse (OTCPK:DBOEY) have agreed to an all-share merger, creating Europe's largest securities-markets operator worth more than $30B.
- Under the deal, a new U.K. company will be formed - UK TopCo - of which 45.6% will be held by LSE shareholders and Deutsche Boerse investors owning the rest.
- LSE Chairman Donald Brydon will be appointed chairman of the combined group, while Deutsche boss Carsten Kengeter will become CEO.
- Previously: Details surface for LSE-Deutsche Boerse merger (Feb. 26 2016)
London Stock Exchange, Deutsche Boerse agree to mega merger
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