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

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.