21 July, 2011

Shareholders of Deutsche Boerse and NYSE Euronext approved the creation of the world's largest stock exchange

The shareholders approved the Frankfurt Deutsche Boerse plans to merge their trans-Atlantic exchange with NYSE Euronext. If a positive decision soon vynesut European and American regulators, will be formed by the world's largest stock exchange, which will handle securities of companies with total market capitalization of $ 20 trillion.

The statement said the German exchange, the deal favored the holders of more than 80% stake in Deutsche Boerse at the required 75% of the stipulated conditions of the merger. Thus, consent to the transaction gave the shareholders of both exchanges - the week before the merger the shareholders supported the NYSE Euronext.

Recall that in a transaction worth $ 9.4 billion Deutsche Boerse and NYSE Euronext form the world's largest stock exchange, which will handle securities of companies with total market capitalization of more than $ 20 trillion. Chairman of the Board will be the current head Reto Francioni Deutsche Boerse, the general director - the current head of NYSE Niederauer Duncan. The board of directors will comprise 15 members, 9 of which will be appointed from Frankfurt, the other 6 - of New York.

Experts believe that the active support of the transaction by the shareholders of both exchanges should have a positive impact on the opinions of the U.S. regulatory authorities and the EU - The European Commission must render its decision is August 4.

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