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'Foundation' laid for Deutsche Börse-LSE Group merger

Holding company created for Deutsche Börse’s planned merger with the LSE comes in the form of a Dutch legal vehicle typically used to thwart rival takeovers

'Foundation' laid for Deutsche Börse-LSE Group merger
Photo: iStockPhoto

The holding company created for Deutsche Börse's planned merger with the London Stock Exchange Group comes in the form of a Dutch legal vehicle typically used to thwart rival takeovers.

The entity, called Stichting HLDCO123, was created on March 7, according to a regulatory filing. Lisa Condron, the LSE Group's company secretary, and Marcus Lehmann, Deutsche Börse's head of corporate strategy, are its only two named directors, according to a Dutch filing.

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