By Friedrich Geiger 

BERLIN-- Deutsche Börse AG remains committed to its planned $30 billion merger with London Stock Exchange Group PLC despite the U.K.'s vote to leave the European Union.

"We will continue to put all our strength behind realizing this project, " supervisory board Chairman Joachim Faber said Wednesday.

Mr. Faber said the vote made it more important to maintain stable financial relations with the U.K. and Frankfurt should take a leading role in making sure this happens. He didn't address the question of where the merged company would be based, an aspect of the merger that has became an issue after the vote.

On Tuesday, Germany's top financial regulator, BaFin, said the headquarters of a combined exchange would have to be moved away from London, the city that until now has been designated as the future base. German politicians and investors have also called on Deutsche Börse's management to rework the plans to ensure the merged companies' new headquarters wouldn't be outside the EU.

A Deutsche Börse committee focused on the referendum will continue to meet regularly in the coming months to examine developments and consequences for the merger, said Mr. Faber, who heads the committee.

"This involves a comprehensive analysis of economic, political, regulatory, supervisory and tax implications," he said.

Write to Friedrich Geiger at friedrich.geiger@wsj.com

 

(END) Dow Jones Newswires

June 29, 2016 07:15 ET (11:15 GMT)

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