March 7, 2019 / 9:45 AM / 3 months ago

More than third of large German firms plan for no-deal Brexit: Spiegel

The financial district with the headquarters of Germany's largest business bank, Deutsche Bank (C), is photographed on early evening in Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach/Files

BERLIN (Reuters) - About 36 percent of large German companies doing business with Britain are planning for it to crash out of the European Union without a deal, Germany’s Spiegel magazine reported on Thursday citing a survey.

The survey by accounting firm Deloitte and German industry group BDI found that only 6 percent of the 262 surveyed companies expect Brexit will not happen.

About half said they expect either high or very high damage to their business in the case of a no-deal Brexit.

Reporting by Andrea Shalal; Writing by Joseph Nasr; Editing by Paul Carrel

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