LSE Plan Was Meant to Preempt U.S. Bid, Deutsche Boerse CEO Says

  • `Widely known' LSE attracting takeover interest, Kengeter says
  • Deal will create `liquidity bridge' between Frankfurt, London

Carsten Kengeter.

Photographer: Martin Leissl/Bloomberg

Deutsche Boerse AG Chief Executive Officer Carsten Kengeter said he embarked on a merger plan with London Stock Exchange Group Plc despite uncertainty about Britain’s future in the European Union to preempt a potential U.S. suitor from pouncing on its U.K. peer.

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