LONDON STOCK EXCHANGE MERGING WITH DEUTSCHE BOERSE Update 3 April,2017

Update 3 April, 2017
Latest news is that the move was blocked

Shareholders already voted for it. Another world wide well known and respected British institution gone.

It had been revealed that there are plans to merge London Stock Exchange with Deutsche Boerse. Head of the Deutsche Boerse Carsten Kenteger will be the boss of the two stock market.

It is not a surprise that he is all for Bremain and campaigning for it because if the people of Britain will vote for Brexit it would cut his overambitious plans. Again Mr Cameron and his Tories are selling or giving a very traditional institution away.

What Britain stands for and British tradition mean nothing to David Cameron and his Tories' friend.

At an event of German Boerse Photography Foundation Prize the boss Carsten Kenteger was wooing  his guest with Churchill's favourite champagne, Pol Roger.

Mr Kenteger, who could take-over soon the London Stock Exchange pointed out that Churchill was also in favour of a "United State of Europe". which suppose to have a knock-out on Brexit. This statement is a bit hard to swallow especially in view of the new plan of merging  the Deutsche Bank with London Stock Exchange and with a German boss in charge. No racism meant but Winston Churchill was not exactly a friend of the Germans obviously.

Mr Kenteger already working hard on it and sent this week a 500 page, in German and English, to his shareholders explaining the merger and the savings.

However, a 500 page does not proof a saving. 

He seems to put the cart before the horse because there is a small matter of an EU referendum which might turn out to be a Brexit.

Hopefully it will be a Brexit because Brussels tyrannical rules, some make sense but most of them do not, are beyond belief.  The UK is already at a stage where they cannot make any decision and arrogant Brussels promised a tsunami of new rules should it remain in the EU. At least Brussels is open and honest about that.