A PYMNTS Company

EU: Deutsche Börse and LSE offer French unit as antitrust concession

By  |  February 7, 2017

Deutsche Börse and the London Stock Exchange have gambled on Brussels only requiring a single, narrow concession to overcome antitrust concerns around the €29bn tie-up.

    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.

    The high stakes approach is a sign the two exchanges are confident of having defeated some of the European Commission’s most significant legal objections to the deal, including the damage to competition in interest rate derivatives clearing.

    In an encouraging development for the exchanges, the commission will ask rivals for their feedback on their offer to sell the LSE’s French clearing arm, a process that could pave the way to regulatory approval for the deal next month.

    The move came just hours before the German group’s supervisory board gave full backing to Carsten Kengeter, its chief executive, as German criminal authorities probehis share dealings ahead of talks to merge with the LSE.

    Full Content: Financial Times

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