LSE hires Cardew to support Deutsche Börse merger
The London Stock Exchange has appointed Cardew Group to provide comms support around its proposed £21bn merger with German stock exchange Deutsche Börse.
Cardew’s appointment coincides with yesterday’s news that the LSE and Deutsche Börse had agreed the terms for a “merger of equals“. Under the terms of the proposed deal, LSE shareholders will own 45.6% of the new holding company, while Deutsche Börse shareholders will own 54.4%.
The agency will provide M&A comms advice alongside LSE’s retained PR firm Finsbury.
Anthony Cardew (pictured), chairman of Cardew Group, said: “We are delighted to be advising the London Stock Exchange Group during its merger of equals with Deutsche Börse to create a leading global markets infrastructure group based in Europe.”
Last month, David Thomas rejoined the German stock exchange as senior UK/EU adviser.