Regulators query London base for merged Deutsche Boerse-LSE

Frankfurt

REGULATORS and a senior conservative politician in Germany on Friday contested plans for a merged Deutsche Boerse-London Stock Exchange to be based in London, raising doubts about whether the deal can be completed following Britain's vote to leave the European Union (EU).

Deutsche Boerse and LSE agreed in March to combine in a US$30 billion deal to create a European trading powerhouse that would be domiciled in Britain with headquarters in both London and Frankfurt.

Two German regulatory sources told Reuters on Friday there was increasing scepticism about a London base for the holding company of the combined group. "There is rising irritation and increasing concern that London as a base poses a problem," on…