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EU: Court rejects Deutsche Borse- Euronext appeal

By  |  March 9, 2015

A European Union court upheld on Monday the European Commission’s decision in 2012 to block a planned merger of Deutsche Boerse and NYSE Euronext.

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    The Commission blocked the deal to create the world’s biggest stock exchange because it said it would have created a “near monopoly” in European financial derivatives.

    The deal, one of a number to be challenged by international regulators, was scrapped. Indeed, at the end of 2012, Intercontinental Exchange (ICE) acquired NYSE Euronext, with Euronext subsequently spun off and floated.

    The General Court, the EU’s second-highest judicial authority, said on Monday that the Commission had not made legal errors or mistakes in its assessment in its definition of the relevant market.

     

    Full Content: The Wall Street Journal

     

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