Shareholders in the London Stock Exchange Group have approved a merger plan with Deutsche Boerse with hopes that the deal can be finalized despite Britain's decision to leave the European Union.
The LSEG on Monday proposed a 27 billion US dollar merger plan with its German counterpart to create a European exchange giant. The proposal would create the world's largest exchange by revenue. But analysts warn that the two exchanges have to go through tedious regulatory procedures to gain approval from Brussels. They say that will be a daunting task now that Britain has voted to leave the UK.