Deutsche Börse is to reward shareholders with a €200m share buyback programme following the end of its planned merger with the London Stock Exchange.
The German exchange, Europe’s largest by market capitalisation, said in an earnings statement after the close on Wednesday it would begin buying shares in the second half of the year, echoing a move already taken by its UK rival.
The LSE announced a share buyback of £200m when its deal with DB was terminated to compensate shareholders who had been promised a special dividend from the merger. The plan to unite the biggest market operators in London and Frankfurt was blocked by the European Union after the British exchange did not meet demand from Brussels’ antitrust regulators.
Full Content: CNBC
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