By Ludwig Burger and Andreas Kröner
Frankfurt (Reuters) – Deutsche Börse and London Stock Exchange are exploring a new attempt to merge to create a European trading platform potentially able to compete with US stocks and Asia
LSE said in a statement it was holding detailed discussions ahead of a merger would implement in full through a share swap that would result in a new holding company, in which Deutsche Börse would be 54.4 percent and the London stock Exchange 45.6 percent.
the talks, in which reference was made to Deutsche Börse code-named ‘Delta’ and ‘ luna ‘for the London Stock Exchange were at an early stage, had previously told Reuters ahead of a person familiar with the matter.
the actions of both exchanges soared after learning this news, with LSE up 18.7 percent and Deutsche Börse, up 8.3 percent.
In addition, other European bourses, as Bolsas y Mercados Españoles and the French Euronext, also became infected increases of their competitors and were up 5.4 and 6.5 percent, respectively.
Deutsche Börse, who had worked in a joint venture called IX to the LSE in 2000 before making a full bid for the London stock exchange failed in late 2004, also later confirmed the talks.
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