A PYMNTS Company

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.

    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.

    Full Content: Bloomberg

     

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