Francioni Says NYSE Merger to Strengthen Frankfurt, FAZ Reports

Deutsche Boerse AG (DB1) Chief Executive Officer Reto Francioni said the exchange’s takeover of NYSE Euronext (NYX) will “undoubtedly” strengthen Frankfurt as a financial center, even though the new entity will also have headquarters in New York, Frankfurter Allgemeine Zeitung reported today, citing Francioni.

Some 70 percent of the merged company’s sales will be in Europe, Francioni said, according to the newspaper. The CEO added that dividend payments are likely to remain in a similar span as where they have been previously, the newspaper said.

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