Deutsche Börse AG, owners of the Frankfurt Stock Exchange, and exchange operator NYSE Euronext have agreed to a merger, creating the world’s largest trading platform as the exchange industry enters a period of global consolidation. The German Bourse will be the parent company, and the newly merged company will be incorporated in the Netherlands.
Under the terms of the deal, Deutsche Börse shareholders will own 60% of the newly merged company, with NYSE shareholders controlling 40%. One Deutsche Börse share will be exchanged for one share of the new company’s stock, while each share of NYSE Euronext will be swapped for 0.47 share of the new company stock.