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Deutsche Boerse and LSE try to create Brexit hedge

George Hay & Swaha Pattanaik 

George Hay & Swaha Pattanaik Deutsche Boerse and the London Stock Exchange (LSE) think their union will be a good idea regardless of whether Britain stays hitched to the European Union. But they are clearly aware that others - such as, perhaps, their shareholders - might be less certain. Hence their attempt to deflect any scepticism. The two companies said on February 26 that the combined group would be domiciled in London. But they also pledged to create a so-called Referendum Committee to consider the implications of a British vote to exit the European Union (EU). Its findings are unlikely to challenge the strategic ...

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First Published: Sun, February 28 2016. 21:32 IST