Deals
Deutsche Boerse Nears Merger With LSE as Brexit Vote Looms
- Kengeter to become CEO of combined group if deal completes
- Boards create referendum committee to advise on Brexit risks
The London Stock Exchange in London.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Deutsche Boerse AG’s merger with London Stock Exchange Group Plc is getting closer to an agreement as the companies confirmed key appointments should the deal take place.
The chief executive officer role at the combined company will go to Deutsche Boerse CEO Carsten Kengeter, while LSE boss Xavier Rolet will step down, according to a statement on Friday. The Anglo-German titan would be a public limited company in London, with joint headquarters and listings in the U.K. capital and Frankfurt.