You are here

LSE says Deutsche Boerse merger could mean 1,250 job cuts

BT_20160602_KVMERGER2H14Q_2313221.jpg
Deutsche Boerse has slipped down the rankings of global players over the last 10 years as rivals merged. Should the LSE deal fail, the bourse would need to look around for other partners.

Frankfurt

LONDON Stock Exchange Group said its planned US$30 billion merger with German rival Deutsche Boerse could result in 1,250 job cuts across the combined group and should eventually lead to US$279.48 million in revenue benefits a year.

LSE, which agreed in March to merge

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom