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		</div><p>The London Stock Exchange and German rival Deutsche Borse revealed plans to save more than €448m a year as they agreed a tie-up to create an exchange giant worth more than €26bn.</p>
<p>Billed as a &#8220;merger of equals&#8221;, the deal will see Deutsche Borse own 54.4% of the combined group and LSE shareholders the remaining 45.6%.</p>
<p>The pair pressed on with their all-share deal amid the threat of a possible rival bid from the owner of the New York Stock Exchange.</p>
<p>Intercontinental Exchange confirmed it was mulling a possible counter-offer earlier this month for the LSE, which owns index compiler FTSE and Borsa Italiana.</p>
<p>Chicago&#8217;s CME Group has also reportedly considered entering the fray.</p>
<p>The LSE and Deutsche Borse deal marks their third attempt to merge after previous moves failed in 2000, and 2004-5 when talks collapsed.</p>
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