London Stock Exchange "in merger talks with German rival"February 23, 2016 - 19:29 AMT PanARMENIAN.Net - London Stock Exchange Group, which owns the London and Milan exchanges, said Tuesday, February 23, that it was in merger talks with Deutsche Boerse about creating a pan-European titan, AFP reports. Following a sharp jump in LSE Group's share price, "the Board of LSE and the Management Board of Deutsche Boerse confirm that they are in detailed discussions about a potential merger of equals of the two businesses", a statement said. It added that the talks were about "creating a leading European-based global markets infrastructure group" that "would be expected to deliver an enhanced ability to provide a full service offering to customers on a global basis." With rumors swirling that talks were ongoing, LSE's share price surged by about 14 percent in London trading. Once LSE put out a statement, its share price surged further and was up almost 20 percent in early afternoon deals. Deutsche Boerse won nearly 8.0% in Frankfurt. "Although negotiations seem to be at a very early stage, a tie-up would make sense in regard to possibly synergies and overall improvement of competitiveness versus their main rivals," Markus Huber, analyst at stockbroker City of London Markets, told AFP. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | SBP instant transfers now available from 190 Russian banks to Armenia To receive money from Russian banks, easywallet users need to go to their easywallet accounts. Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. French-Armenian journalist returns to France after 41-day hunger strike Nicolian said on social media on Sunday, June 2 that he needs to improve his health in order to “continue the fight”. Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. |