EU blocks merger of bourses
EUROPEAN regulators blocked the proposed merger of Germany’s Deutsche Boerse and the London Stock Exchange yesterday, saying it would effectively have created a European monopoly in clearing bonds.
They shot down the pair’s third attempt at a merger, which would have united the stock exchanges of Germany, Britain and Italy as well as the biggest European clearing houses.
European Union antitrust chief Margrethe Vestager said the deal “would have significantly reduced competition by creating a de facto monopoly in the crucial area of fixed-income instruments” such as bonds.
The decision was expected after the London exchange said last month that it couldn’t commit to selling its majority stake in the electronic bond market MTS, which would have alleviated the EU’s concerns.
The deal would have joined Deutsche Boerse’s Frankfurt-based clearing house, Eurex, with LSE’s LCH.Clearnet and Rome-based Cassa di Compensazione e Garanzia. “They are basically the only companies that provide fixed-income clearing services in Europe,” Vestager said.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.