German government backs Deutsche Börse for LSE

As the ownership battle for the London Stock Exchange (LSE) enters the next phase, with Euronext CEO Jean-François Theodore meeting with LSE counterpart Clara Furse, German government officials have sought to address concerns of its position towards Deutsche Börse.

While concerns about job losses in Frankfurt were already raised, the Financial Times reports that an un-named German government official stated:

“The government has a duty to preserve German jobs,” the official said. “But it also has a duty to ensure that the companies remain competitively viable in the long run so that they can keep offering thesejobs.”

As reported by Eurowatch: Euronext continues LSE talks, it is anticipated that Deutsche Börse will soon return to the negotiating table with an improved offer for LSE shareholders.

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