×

Deutsche Boerse says work on LSE merger post Brexit may take months

Deutsche Boerse said on Tuesday that the work of a referendum committee to make its planned merger with British peer LSE Brexit-proof may take months to complete.

The boards of the London Stock Exchange and Deutsche Boerse confirmed on Tuesday that they are discussing a potential merger.
Getty Images
The boards of the London Stock Exchange and Deutsche Boerse confirmed on Tuesday that they are discussing a potential merger.

The referendum committee, chaired by Deutsche Boerse Chairman Joachim Faber, will make recommendations to ensure that a merged group will meet all regulatory requirements to secure closing of the transaction and achieve its commercial objectives.

"Whether the UK is just European or a member of the EU, the merger will create a globally competitive, industry defining market infrastructure group at the service of European industry," Deutsche Boerse said in statement, adding that the agreed transaction includes all necessary mechanisms to respond to the outcome of the referendum.

On Monday LSE shareholders approved the $27 billion merger with its German counterpart to create a European exchange giant.

Follow CNBC International on Twitter and Facebook.