European Commission Stonewalls Deutsche Börse, LSE Merger Citing Monopoly
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European Commission Stonewalls Deutsche Börse, LSE Merger Citing Monopoly
The European Commission has formally prohibited the proposed merger between Deutsche Börse AG and London Stock Exchange Group (LSE), citing EU merger regulatory actions, dealing a huge blow to the prospects of the deal moving forward after months of speculation.
The merger between Deutsche Börse and the LSE was on hold last week after the European Commission was allegedly in the process of exercising its veto power to block the deal. Today’s action by the European Commission follows a lengthy investigation that concluded that the deal would have resulted in a monopoly across markets in the clearing fixed income ... (read more)
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