Deutsche Boerse sees 450 mln eur cost savings in LSE merger

March 16, 2016 7:21 AM

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FRANKFURT, March 16 Deutsche Boerse AG on Wednesday said it had reached a merger agreement with the London Stock Exchange and saw potential cost savings of 450 million euros ($499 million) per year for the combined company.

"The combination will offer significant value creation potential," Deutsche Boerse said in a statement, calculating total cost savings of 450 million euros per year or about 20 per cent of the combined group's adjusted operating costs of 2.2 billion in 2015, it said in a statement.

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