【英语财经】英德交易所合并后可能落户伦敦 London to host new group with German chief executive

The new European trading giant planned by Deutsche B?rse and the London Stock Exchange will be based in London but headed by the German group’s chief executive, according to people close to both sides.

The exchanges are set to proceed with plans to make London the domicile for the new holding group, despite the June 23 referendum on British membership of the EU, in a boost to the City’s role as Europe’s dominant financial centre.

Carsten Kengeter, a former banker in charge of the German exchange for just over eight months, would be chief executive of the new company, which would be chaired by Donald Brydon, chairman of the LSE, people close to the talks said.

The potential deal, which both sides confirmed yesterday, would pave the way for LSE head Xavier Rolet to depart after a seven-year run that has re-established the company among the world’s leading exchanges.

The two companies have already outlined what they call an all-share “merger of equals” that would create a European champion, an indication of the heightened political and regulatory sensitivities of any agreement. Neither side has revealed crucial details, such as future management and the domicile of the combined group.

People close to the matter warned discussions were not finalised and there was no certainty a deal would go ahead. Both declined to comment.

One top-10 investor said that if Mr Rolet left and the combined group were headed by Mr Kengeter, the deal would look more like a takeover by Deutsche B?rse than a merger of equals. The investor said the terms offered by Deutsche B?rse looked “derisory”.

知情人士称，德意志交易所(Deutsche B?rse)和伦敦证交所(London Stock Exchange)规划中的欧洲新交易巨头总部将位于伦敦，但由德方的首席执行官执掌。

尽管英国将于6月23日就是否留在欧盟(EU)举行公投，两家交易所还是将按照计划，把伦敦作为新的控股集团的所在地。此举会提升伦敦金融城作为欧洲最重要金融中心的地位。

与相关磋商关系密切的人表示，刚刚掌管德意志交易所8个多月的前银行家卡斯滕?肯格特(Carsten Kengeter)将会成为新公司的首席执行官，而伦敦证交所的董事长唐纳德?布赖登(Donald Brydon)则会成为新公司董事长。

昨天得到双方确认的这一潜在交易将为伦敦证交所首席执行官罗睿铎(Xavier Rolet)的离去铺平道路。在此之前，罗睿铎经过七年的打理，令伦敦证交所再次跻身于全球顶尖交易所之列。

两家公司概述了它们所称的“对等合并”的全股票交易，打造出一家欧洲冠军企业。这表明围绕该交易的任何协议在政治和监管方面都极为敏感。双方均未披露有关未来管理层及合并后集团落户何处等关键细节。

知情人士警告，相关磋商并未最后敲定，交易是否会继续进行下去仍未确定。双方均拒绝置评。

一位排名前十的投资者表示，如果罗睿铎离开而合并后的集团由肯格特掌管，这一交易看起来更像是德意志交易所的收购而不是对等合并。这位投资者表示德意志交易所提议的条款看起来“可笑”。

译者/简易