London Stock Exchange Group plc
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| London Stock Exchange Group plc | |
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| Type | Public (LSE: LSE) |
| Founded | 1801 |
| Headquarters |  London, England, UK |
| Key people | Clara Furse, CEO Christopher S. Gibson-Smith, Chairman |
| Industry | Financial |
| Products | Stocks |
| Revenue | £350 million (2007) |
| Operating income | £174 million (2007) |
| Net income | £111 million (2007) |
| Website | londonstockexchange.com |
The London Stock Exchange Group plc is the leading diversified exchange group in Europe. Following the merger with Borsa Italiana, the group is Europe's leading equities business, with 48% of the FTSEurofirst 100 by market capitalisation and with the most liquid order book by value and volume traded.
The Group owns the London Stock Exchange and the Borsa Italiana stock exchanges. It became a member of the FTSE 100 as of 4 December 2007.
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[edit] Takeover of Borsa Italiana
On the 23rd June 2007 the LSE agreed to take over the Milan-based Borsa Italiana for 1.6bn euros (£1.1bn; $2bn). The combination will diversify the LSE's product offering and customer base.
On 8 August, shareholders in the London Stock Exchange approved the transaction. 155,767,201 shares were voted in favour of the merger with Borsa Italiana. This represented 100 per cent of votes cast and 78 per cent of issued share capital.
The all-share deal diluted the stakes of existing LSE shareholders, with Borsa Italiana shareholders receiving new shares representing 28 per cent of the enlarged register. Nasdaq's stake of nearly 30 percent in the LSE, which Nasdaq built up during a failed takeover attempt in 2006-7, fell to around 22 percent following the deal with Borsa Italiana[1].
As of October 1, 2007, the merger was complete.[2] This diluted the holdings in the merged company of Borse Dubai to 20% from 28% and Qatar group to 14%. Nasdaq no longer owns any stocks in the company. The enlarged group was included in the FTSE100 index as of 4 December 2007.
[edit] Alliances
[edit] Major shareholders
Borse Dubai - 20%
Qatar group - 14%
[edit] See also
[edit] References
[edit] External links
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