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Last Updated: Wednesday, 8 August 2007, 13:40 GMT 14:40 UK
LSE investors back Italian deal
Businessmen outside the London Stock Exchange
The LSE said the exchanges were highly complementary
Shareholders of the London Stock Exchange have voted to back its 1.6bn ($3.3bn; 2.3bn euro) takeover of fellow stock market operator Borsa Italiana.

The vote, at a special shareholder meeting, followed approval of the deal by Borsa Italiana investors last week.

The deal should be completed in October if, as expected, it is approved by European regulators.

The two firms say the deal will create the largest trading market in company shares in Europe.

'Value'

The London Stock Exchange (LSE) said Wednesday's vote was a "significant endorsement" of the merits of the deal.

"Borsa Italiana and the Exchange are highly complementary and the merger will create considerable value for both our customers and our shareholders," said Clara Furse, LSE's chief executive.

"This value-creating deal also accelerates our shared vision to become the world's capital market."


SEE ALSO
Electronic trades boost for LSE
11 Jul 07 |  Business
LSE Borsa deal 'will be approved'
25 Jun 07 |  Business
LSE in merger talks with Milan
20 Jun 07 |  Business

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