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German govt welcomes stock exchange merger if strengthens Frankfurt

Reuters - UK Focus

BERLIN, March 16 (Reuters) - The German government would welcome efforts aimed at a merger of Deutsche Boerse (LSE: 0H3T.L - news) and the London Stock Exchange (Other OTC: LDNXF - news) if they led to a strengthening of Frankfurt as a financial centre, government spokesman Steffen Seibert said on Wednesday.

"The shape of the European stock exchange market is important for Deutsche Boerse and if their efforts would lead to a strengthening of Frankfurt as a financial hub, the German government would welcome it," Seibert told reporters.

(Reporting by Caroline Copley; Writing by Madeline Chambers)