Deutsche Boerse shareholders back London Stock Exchange merger

Deutsche Boerse shareholders will end up with 54.4 per cent of the new holding company's capital, and LSE shareholders with 45.6 per cent.

The Frankfurt stock exchange Deutsche Boerse on Tuesday said its shareholders had backed a planned merger with the London Stock Exchange (LSE).

Earlier this month Deutsche Boerse lowered the threshold for shareholder support needed for the tie-up to 60 percent from 75 percent, removing a potential spanner in the works for the deal following Britain's vote to leave the European Union.

The 60-percent level was breached a few hours before the deadline, Deutsche Boerse said in a statement.