A PYMNTS Company

France: Gov concerned about risks of Deutsche Börse, LSE merger

By  |  May 30, 2016

French finance minister Michel Sapin and the head of the country’s central bank François Villeroy de Galhau Monday raised concerns about the merger of London Stock Exchange Group PLC and Germany’s Deutsche Börse AG.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Mr. Sapin said the merger, which would create Europe’s biggest stock exchange operator, could curtail competition and create extra risk. He repeated his call for European authorities and other local supervisors to scrutinize the deal.

    “We’ve been in a process of decreasing risks. If there is too much concentration, risks would increase,” Mr. Sapin said.

    The European Union in 2012 blocked a proposed merger of Deutsche Börse and NYSE Euronext.

    Speaking alongside Mr. Sapin, Mr. Villeroy de Galhau warned against the creation of a large clearing house.

    “It could create an operator that is too big to fail,” Mr. Villeroy de Galhau said.

    Full Content: The Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.