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A division of the London Stock Exchange could be set up in Bucharest

The group managing the London Stock Exchange (LSE) is looking for office space of 6,500 square meters in Bucharest, digi24.ro informs, quoting zf.ro.

Thus, about 500 jobs would be available in Bucharest. Sources say Romania would have been chosen against Poland and Bulgaria.

This would be a step in the preparation of Brexit, which will become effective in March next year. Financial entities need European trading passports to operate on the common market, and once the UK leaves the European block, the London city will no longer have those rights. LSE is doing what commercial banks also do, transferring some of their activity to the continent.

The arrival of a LSE division in Bucharest is confirmed by sources in the real estate market as well as in the consultancy, but the current negotiations lead the consultants to provide just a few details about the job profile sought. LSE has 4,000 employees and an annual revenue of GBP 2 billion.

 

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