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		</div><p>The London Stock Exchange is in talks over a possible £20 billion merger with Germany&#8217;s Deutsche Boerse to create one of the biggest exchange companies in the world.</p>
<p>It marks the latest attempt by the pair to join forces after a proposed deal collapsed in 2000, and then again in 2004-5.</p>
<p>Shares in FTSE 100-listed LSE jumped as much as 17% after it confirmed &#8220;detailed discussions&#8221; over a possible all-share merger.</p>
<p>The LSE said it would be a &#8220;merger of equals&#8221;, forming an enlarged group that would rival the likes of CME Group and Intercontinental Exchange in the US and Hong Kong Exchanges and Clearing, which is the world&#8217;s largest exchanges group.</p>
<p>Latest talks between the two come nearly 16 years after LSE and Deutsche Boerse first sought to strike a deal.</p>
<p>The LSE said it is working on plans that would see LSE shareholders hold 45.6% of the combined group and Deutsche Boerse the remaining 54.4%.</p>
<p>All key businesses of LSE and Deutsche Boerse would continue under their current brand names and it would have a single board made up of an equal number of directors from the two firms.</p>
<p>The LSE said discussions remain ongoing over the other terms and conditions of the deal.</p>
<p>&#8220;The potential merger would represent a compelling opportunity for both companies to strengthen each other in an industry-defining combination, creating a leading European-based global markets infrastructure group,&#8221; the LSE said.</p>
<p>It added that &#8220;complementary growth strategies, products, services and geographic footprint&#8221; would allow the enlarged group to offer a &#8220;full service offering to customers on a global basis&#8221;.</p>
<p>The London Stock Exchange is one of the world&#8217;s oldest stock exchanges and can trace its history back more than 300 years.</p>
<p>The wider LSE Group was formed in October 2007 when the London Stock Exchange merged with Milan stock exchange Borsa Italiana.</p>
<p>It has completed a series of deals since then, the biggest of which was its £1.6 billion takeover of American stock index and asset management business Frank Russell in 2014.</p>
<p>Other deals include buying out the remaining 50% of FTSE International it did not already own in 2011, followed by a majority stake in clearing house LCH.Clearnet Group in March 2013.</p>
<p>Deutsche Boerse is listed on the Dax in Germany, having listed on the stock exchange in February 2001.</p>
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