Deutsche Boerse: LSE merger ‘key’ if Brexit happens

Wed, 08 Jun 2016 | MERGER

The chief executive of German stock exchange clearing house Deutsche Boerse says that the proposed £21 billion merger with the London Stock Exchange (LSE) will be vital for maintaining links between the two countries in the event of a ‘Brexit’ vote.

The plan for a merger between Deutsche Boerse and the LSE was first announced in mid-March, but the proposed £21 billion deal has faced uncertainty in the face of a possible ‘Brexit’ if UK voters decide that the country should leave the EU during the referendum vote that is due to take place on 23 June 2016.

Nevertheless, Carsten Kengeter, the vehemently pro-EU chief executive of Deutsche Boerse, has stressed that the merging of the two major stock exchanges could be ‘key’ in maintaining strong links between the two industrial powerhouses of Europe in the event of the UK leaving the EU.

Mr Kengeter recently told The Daily Telegraph: “I want the UK to stay part of the EU, but if it’s not, the link we would provide between the Continent and the UK would be key.”

Both of the companies behind the two stock exchanges maintain that the deal will go through no matter what the outcome of the EU referendum, but this is the first time that Mr Kengeter has seriously considered the fate of the deal with the vote being too close to call at the start of June.

Regardless, investors on both sides of the £21 billion deal are due to make their final decision after the EU referendum has taken place. Mr Kengeter has argued that both markets would be far more stable if they were to merge, but that it would still need approval of regulators to ensure that sufficient competition is maintained. There will also be the possibility of some 1,250 job losses to be considered.

For more information on mergers and acquisitions, see what to look out for when buying a business.


Share this article



Latest Businesses for Sale

CPQ Software as a Service Provider
East of England, UK

The company is a provider of Configure, Price, Quote (CPQ) Software as a Service (SaaS) and Data to drive eCommerce. ▸ Long-term framework agreements with key clients. High level of recurring income from contracts. Offers invited.

Asking Price: Offers Invited
Turnover: £3,350,000

LEASEHOLD


Energy Management Providing Meter Readings & Efficiency Analysis
North West, UK

Specialist engineers providing a range of energy management services including the supply & maintenance of electricity billing meters, energy reports & cost budgeting. Contracted to provide metering services on behalf of a major electricity distribut...

Asking Price: Offers Invited
Turnover: £720,000

Plumbing & Heating Engineers
Yorkshire and the Humber, UK

Plumbing & heating engineers offering specialist domestic & commercial services including repairs, breakdown assistance & installation of domestic kitchens, bathrooms & bedrooms, operating from two showrooms. Operates two strategically located showro...

Asking Price: Offers Invited
Turnover: £1,334,000


View more businesses for sale

News Search

Latest News

 
03
 
Apr
 

Chancellor bolsters CBILS for small firms and unveils new scheme for large companies | BUSINESS NEWS

Chancellor Rishi Sunak will today take new measures to suppo...

 
03
 
Apr
 

Benito’s Hat to continue trading despite entering administration | ADMINISTRATION

Fast-casual Mexican food chain Benito’s Hat has entere...

 
02
 
Apr
 

Next puts headquarters and three warehouses up for sale | COMMERCIAL PROPERTY

Fashion retailer Next has put its head office and three ware...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
18
 
Mar
 
 
06
 
Aug
 

Titanic shipbuilder capsizes while vultures circle | ADMINISTRATION

Insolvency specialists at BDO have been appointed administra...

 
09
 
Aug
 

Mutares to acquire Knorr-Bremse subsidiaries | BUSINESS SALE

Knorr-Bremse is set to sell its UK subsidiaries to Mutares, ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources