Bourse merger deal reached between London and Frankfurt

(ANSA) - Milan, March 16 - The London and Frankfurt stock exchanges have agreed to merge, Bloomberg reported Wednesday.
    Shareholders in the London Stock Exchange will have some 45.6% in the new group while those of Deutsche Borse will get 54.4%. The new company will keep its locations in London and Frankfurt and the president will be Donald Bryndon.
    The deal also involves the Milan bourse company, Borsa Italiana, which has been part of the London Stock Exchange Group since 2007.