Deutsche Boerse, LSE agree to proceed with planned merger March 16, 2016 - 13:41 AMT PanARMENIAN.Net - Frankfurt stock exchange operator Deutsche Boerse said Wednesday, March 16 it has agreed with the London Stock Exchange to go ahead with their planned merger to create a pan-European trading titan, AFP reports. The highly anticipated deal includes the key terms put forward so far during talks between the two operators. "Following approval of the supervisory board of Deutsche Boerse, the management board of Deutsche Boerse concluded an agreement on the implementation of a business combination with (the London Stock Exchange Group) LSEG under a UK holding company," the German company said in a statement. "Moreover, the management board and the supervisory board of Deutsche Boerse consented to certain measures serving the implementation of the merger," it added. The announcement comes as U.S.-based global markets operator Intercontinental Exchange (ICE), which owns the New York Stock Exchange, is also mulling a rival bid for the LSE. As already proposed at the end of February, Deutsche Boerse said that the combined group would be managed by a "unitary board of the UK holding company composed of equal numbers of LSEG and Deutsche Boerse directors." Read also:IEI may make counter bid for London Stock Exchange Group  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news U.S. welcomes efforts to define Armenia-Azerbaijan border  The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |
