Deutsche Boerse hints HQ from London Stock Exchange deal will have to be outside UK

London Stock Exchange

Deutsche Boerse signalled on Tuesday that the headquarters of the European giant to be created from its merger with the London Stock Exchange Group may have to be outside the United Kingdom after the Brexit vote.

Reuters reports that a referendum committee, involving representatives of both partners, will make recommendations to ensure that a merged group will meet "all regulatory requirements" to get the transaction approved and achieve its commercial objectives, Deutsche Boerse said.

However, Germany's financial market regulator said last week that London could not host the headquarters of the merged group once Britain leaves the EU, and nor could it remain a centre for trading in euros.

German newspaper Sueddeutsche Zeitung reported that Deutsche Boerse was telling shareholders it was looking into the option of a 'double holding' with seats in Frankfurt and London. The paper did not say where it got the information.

To access the complete Reuters article hit the link below

Deutsche Boerse signals HQ may be outside UK after LSE deal

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