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Screenshot of a breaking news alert e-mail from Q2 2017
After yesterday’s vote of London Stock Exchange Group shareholders approving the LSEG’s merger with Deutsche Borse AG, Deutsche Borse put out the following statement – in part to reiterate the two group’s plans of fully proceeding with the merger despite the UK ‘Leave’ vote in the Brexit referendum.
Statement by Deutsche Börse AG on London Stock Exchange Group shareholders’ vote
Deutsche Börse AG welcomes the London Stock Exchange Group plc (LSEG) shareholders’ approval on the recommended all-share merger between LSEG and Deutsche Börse.
Joachim Faber, chairman of the Deutsche Börse AG supervisory board
I strongly endorse the statement of London Stock Exchange Group following their General Meeting and continue to recommend the transaction to the shareholders of Deutsche Börse.
In light of the developments following the UK referendum the parties emphasize that the agreed transaction includes all necessary mechanisms to respond to the outcome of the referendum. As already announced, in anticipation of a vote by the UK to leave the EU, the boards of Deutsche Börse and LSEG set up a Referendum Committee, chaired by the Chairman of Deutsche Börse, Joachim Faber, to make recommendations to the Combined Group board to ensure that the Combined Group will meet all regulatory requirements to secure closing of the transaction and achieve its commercial objectives.
Whether the UK is just European or a member of the EU, the merger will create a globally competitive, industry defining market infrastructure group at the service of European industry. It is clear that the agreed merger of Deutsche Börse and LSEG will deliver value to both shareholders and customers independently of the resolution of these uncertainties.
In a fast changing landscape where it is anticipated that the UK will remain a member of the EU for at least two years, the work of the Referendum Committee may take many months to complete.