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LSE says Deutsche Boerse merger could mean 1,250 job cuts
Published Wed, Jun 1, 2016 · 09:50 PM
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 with Deutsche Boerse to create a pan-European trading house, said it expected to achieve these benefits in the fifth year after the deal is completed.
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