World Economy

Bourses in Merger Talks

Bourses in Merger TalksBourses in Merger Talks

The two stock exchanges of London and Frankfurt have confirmed their intentions to merge, DW reported. The LSE Group said it was part of a plan to create a new ‘global markets infrastructure group.’ The London Stock Exchange and Germany’s Deutsche Borse announced their plans to merge on Tuesday, following jump in the LSE group’s share price. The LSE Group, which owns the Milan stock exchange in addition to the one in London, said it was part of an effort to form a Europe-based “global markets infrastructure group,” according to a statement released by the company.