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Stock exchange merger comes under fire

The London-Frankfurt stock exchange merger may be put on hold after representatives of both parties have expressed reservations about aspects of the deal, the BBC reports.


Last week, Deutsche Borse supervisory officials, German regional government representatives and German Central Bank officials all publicly said they have problems with the merger.


One of the main complaints from the London business community has been that the valued high-tech and growth markets will shift to Frankfurt.


Conservative Shadow Chancellor Michael Portillo has slammed the Government on the weekend for not taking a more active role in intervening in the deal.


Both parties in the deal however hit back, saying it was a “win-win” situation for all sides.


A spokesperson for the London Stock Exchange says: “The bottom line is what we are delivering is what the market wants. It&#39s not about delivering things to certain shareholders.”

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