London Stock Exchange in merger talks with German rival

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The London Stock Exchange is in merger talks with its German rival Deutsche Boerse, which would create one of the world’s largest exchanges.

The two companies are said to be in merger talks a decade after previous takeover plans fell through, reports Reuters.

The LSE said in a statement the all-share merger would see Deutsche Boerse shareholders take a 54.4 per cent stake and LSE shareholders take 45.6 per cent.

The two exchanges combined would rival US-based CME Group, Intercontinental Exchange, Hong Kong Exchanges and Clearing to be the world’s largest exchanges group.

In 2004 Deutsche Boerse launched a takeover attempt for LSE, which fell through.