Euronext and Deutsche Börse inch closer

Deutsche Börse and Euronext have reportedly moved a step closer to merging after overcoming the contentious issue of where the combined company would be based.

Die Welt, the German newspaper, reports that the two groups could reach an agreement before Euronext's annual general meeting on May 23 and Deutsche Börse's on May 24. It cites sources close to the situation.

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