The London Stock Exchange (LSE.L) confirmed it had agreed to buy the owner of the Toronto Stock Exchange (X.TO) in an all share deal that will create a major centre for trading in mining shares if it overcomes likely political opposition in Canada. The two companies said in a statement on Wednesday that under the terms of the deal, which is being unanimously recommended by the boards of both companies, LSE shareholders will end up owning 55 percent of the combined group. The new company will be run by Xavier Rolet who will be based in London and is currently chief executive of the London Stock Exchange. (Reporting by Paul Hoskins; editing by Sudip Kar-Gupta)
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