LSE still focused on gaining approval for Deutsche Borse merger
London Stock Exchange (LSE) has said it is focused on gaining regulatory approval for its £21 billion merger with Germany's Deutsche Borse as it reported third quarter results.
Chief executive Xavier Rolet said in a trading update: "We remain focused on achieving the necessary regulatory approvals to complete the merger with Deutsche Borse, creating a global markets infrastructure group, which we believe will generate significant value and benefits for customers and shareholders."
Last month the European Commission said it will open an in-depth investigation into the tie-up in an effort to ensure financial market infrastructure remains "competitive".
In response, the LSE has said that to address anti-trust concerns it will look to offload its French subsidiary LCH.
Regulators in Britain and Germany are also looking into the proposed deal.
Following Britain's shock decision to quit the European Union, the pair have moved quickly to assuage any fears the referendum result would scupper the deal.
The LSE added that, in the three months to September 30, total income from continuing operations rose 19% to £414.6 million. Revenues from continuing operations grew 15% to £376.2 million.
"Reflecting strong resilience and diversified range of business, all core divisions delivering good growth despite a backdrop of testing markets and economic uncertainty", the group said.