German calls to move the merged London Stock Exchange-Deutsche Börse outside of London have been met with criticism from UK policymakers. Politicians in the German state of Hesse are pressuring Deutsche Börse to shift the holding company to the continent in the wake of Brexit. Members of the UK Treasury Select Committee and the City of London Corporation said that LSE and Deutsche Börse should hold firm regarding the London base, a key aspect of the merger agreement. John Mann, head of the Christian Democrat Union in Hesse, said the holding company needed to be in Frankfurt to win approval.
German calls to move the merged London Stock Exchange-Deutsche Börse outside of London have been met with criticism from UK policymakers. Politicians in the German state of Hesse are pressuring Deutsche Börse to shift the holding company to the continent in the wake of Brexit. Members of the UK Treasury Select Committee and the City of London Corporation said that LSE and Deutsche Börse should hold firm regarding the London base, a key aspect of the merger agreement. Michael Boddenberg, head of the Christian Democrat Union in Hesse, said the holding company needed to be in Frankfurt to win approval.