London Stock Exchange Group PLC and Germany’s Deutsche Börse AG have completed talks about a merger deal. The companies said in a joint statement that the new largest European exchange operator would create a combined group valued at nearly £20 billion ($28.3 billion). The headquarters will be based in London and Frankfurt. The European trading giant is going to seek a premium listing on the London Stock Exchange and prime standard listing on the Frankfurt Stock Exchange.
Donald Brydon, who heads the LSE, will take office as Chairman. Joachim Faber, who chairs the supervisory board of Deutsche Börse, will serve as Deputy Chairman.
