London Stock Exchange shareholders agree German deal

Baku, July 5 AZERTAC

Shareholders in the London Stock Exchange (LSE) have voted in favour of a planned merger with its German counterpart Deutsche Boerse.

According to BBC, the LSE chairman, Donald Brydon, thanked shareholders for their "strong support" after 98.9% backed the deal.

Earlier, Mr Brydon said he was confident of "satisfactory" regulatory approval for the tie-up.

Last week, Germany's regulator said the proposed headquarters for the newly-merged company might not be in London.

In fact, the head of the Deutsche Boerse Joachim Faber said the decision made it "ever more important to maintain and foster ties between the UK and Europe".

German shareholders are due to vote on the merger on 12 July, and the companies hope to complete the deal in early 2017.

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