Deutsche Börse, London Stock Exchange Merger Still On Track Post Brexit
- The UK's decision to leave the EU will not derail the Deutsche Börse-LSE merger, with shareholders to vote in July.
The merger agreement between Deutsche Börse and the London Stock Exchange (LSE) now seems like ancient history, and not just because of the passage of three months time – voters and shareholders already skeptical of the deal now get to grapple the financial uncertainty wrought by a Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term after the UK’s EU referendum resulted in a ‘Leave’ victory.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
As such, Deutsche Börse has released a statement that the referendum vote was not conditional on the merger deal itself, as reiterated by shareholder documents published earlier this month on 1 June 2016. Despite the voting results, which showed a majority view backing a split with the EU, the merger will still go through the requisite process of obtaining approvals, and at this moment is still green lit.
While the announcement does relieve some nerves, the real power remains in the hands of shareholders from both groups in the upcoming month. In particular, LSEG shareholders will be given a chance to approve or back the merger at the Court Meeting and LSEG General Meeting on July 4, with Deutsche Börse shareholders able to tender their approval on 12 July 2016.
According to Joachim Faber, Chairman of the Supervisory Board of Deutsche Börse and Chairman of the Referendum Committee, in a recent statement on the Brexit fallout: “The decision of the UK to leave the EU makes it ever more important to maintain and foster ties between the UK and Europe. We are convinced that the importance of the proposed combination of Deutsche Börse and LSEG has increased even further for our customers and will provide benefits for them as well as our shareholders and other stakeholders.”
The merger agreement between Deutsche Börse and the London Stock Exchange (LSE) now seems like ancient history, and not just because of the passage of three months time – voters and shareholders already skeptical of the deal now get to grapple the financial uncertainty wrought by a Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term after the UK’s EU referendum resulted in a ‘Leave’ victory.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
As such, Deutsche Börse has released a statement that the referendum vote was not conditional on the merger deal itself, as reiterated by shareholder documents published earlier this month on 1 June 2016. Despite the voting results, which showed a majority view backing a split with the EU, the merger will still go through the requisite process of obtaining approvals, and at this moment is still green lit.
While the announcement does relieve some nerves, the real power remains in the hands of shareholders from both groups in the upcoming month. In particular, LSEG shareholders will be given a chance to approve or back the merger at the Court Meeting and LSEG General Meeting on July 4, with Deutsche Börse shareholders able to tender their approval on 12 July 2016.
According to Joachim Faber, Chairman of the Supervisory Board of Deutsche Börse and Chairman of the Referendum Committee, in a recent statement on the Brexit fallout: “The decision of the UK to leave the EU makes it ever more important to maintain and foster ties between the UK and Europe. We are convinced that the importance of the proposed combination of Deutsche Börse and LSEG has increased even further for our customers and will provide benefits for them as well as our shareholders and other stakeholders.”