Deutsche Boerse acquisition of London Stock Exchange Group faces a so-called statement of objections cataloging the European Union’s antitrust concerns over their merger plans, according to a person familiar with the matter.
EU regulators are expected to issue the document in December, laying out how the tie-up creating by far the largest exchange operator in Europe may quash competition, according to the person, who asked not to be named because the process is private.
Statements of objections detail potential deal-breakers that may need to be addressed before regulators can give their blessing. Regulators opened an in-depth probe into the transaction in September citing a long list of issues including how merging the pairs’ clearing houses might harm other trading venues and post-trade markets.
While being sent formal objections increases the risk that deals can be blocked, most companies still manage to win over regulators by selling units or pledging to change the way they do business. LSE plans to sell its French clearing unit to help placate the EU, it said in September. It will keep its larger London clearing operations.
‘Very Confident’
Full Content: News Republic
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Fines Meta $10.4 Million for Abusing Market Dominance
May 6, 2024 by
CPI
Canadian Watchdog Launches Inquiry into Lululemon’s Greenwashing Practices
May 6, 2024 by
CPI
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI