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U.K.: Antitrust regulator delays review of LSE-LCH merger

By  |  October 4, 2012

The regulator had originally said it will make a decision by Oct. 31 and yesterday amended the expected ruling date on its website to “TBC”. The London Stock Exchange (LSE) is seeking to convince regulators that the $598 million USD acquisition of a stake in LCH.Clearnet, Europe’s biggest clearinghouse, won’t stifle competition. LSE owns clearing and settlement units Cassa di Compensazione & Garanzia and Monte Titoli SpA, which it acquired with its 2007 purchase of Borsa Italiana SpA. The European Commission blocked Deutsche Boerse AG (DB1)’s takeover of NYSE Euronext in February over competition concerns.

Full Content: Bloomberg

 

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