London Stock Exchange "in merger talks with German rival"February 23, 2016 - 19:29 AMT PanARMENIAN.Net - London Stock Exchange Group, which owns the London and Milan exchanges, said Tuesday, February 23, that it was in merger talks with Deutsche Boerse about creating a pan-European titan, AFP reports. Following a sharp jump in LSE Group's share price, "the Board of LSE and the Management Board of Deutsche Boerse confirm that they are in detailed discussions about a potential merger of equals of the two businesses", a statement said. It added that the talks were about "creating a leading European-based global markets infrastructure group" that "would be expected to deliver an enhanced ability to provide a full service offering to customers on a global basis." With rumors swirling that talks were ongoing, LSE's share price surged by about 14 percent in London trading. Once LSE put out a statement, its share price surged further and was up almost 20 percent in early afternoon deals. Deutsche Boerse won nearly 8.0% in Frankfurt. "Although negotiations seem to be at a very early stage, a tie-up would make sense in regard to possibly synergies and overall improvement of competitiveness versus their main rivals," Markus Huber, analyst at stockbroker City of London Markets, told AFP. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |