The European Commission banned the merger of the two largest exchanges

Еврокомиссия запретила слияние двух крупнейших бирж

Officials felt that the merger of Deutsche Boerse and LSE would happen monopolize the market.

The European Commission has prohibited the merger of two largest exchange operators in Europe – Deutsche Boerse and London Stock Exchange (LSE). This is stated in the press release of the EC.

According to the results of the investigation, the Commission concluded that the merger of these exchanges will lead to actual monopolization of the market clearing securities with fixed income.

“Because the parties did not offer solutions required to resolve our concerns in violation of competition, the Commission decided to prohibit the merger,” – said the representative of the EC competition Margrethe Vestager.

Deutsche Boerse and the LSE agreed to merge through an exchange of shares in March 2016. In case of successful completion of the transaction would have created Europe’s largest operator of the securities market with a market capitalization of more than $29 billion.

As reported Корреспондент.netin February the LSE warned about the possible collapse of the deal with Deutsche Boerse. Then she refused to sell the Italian MTS platform, which insisted the European Commission. The share of Italian business, part of which is MTS accounts for about 25% of operating profit LSE.

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