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Proposed merger of Deutsche Börse and LSE

On 4 July 2016, the shareholders of the London Stock Exchange Group (LSE) gave the green light to the merger with Deutsche Boerse, operator of the Frankfurt Stock Exchange.

On 4 July 2016, the shareholders of the London Stock Exchange Group (LSE) gave the green light to the merger with Deutsche Boerse, operator of the Frankfurt Stock Exchange. The transaction was approved by an overwhelming majority of 99.89% of shareholders voting. Deutsche Börse shareholders had, themselves, until July 12 to make their stock. However, it was not expected that they are consulted as those of the LSE at a general meeting. On 12 July , a few hours before midnight, Deutsche Boerse said it had already exceeded the minimum threshold of 60% of its shareholders. However the German market authority (BaFin), which has a consultative role, is reluctant to see the Frankfurt Stock Exchange led from a country outside the EU. The current merger plan provides that the new assembly is led by the boss of Deutsche Börse, but takes the form of a holding company based in London .

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