LSE says Deutsche Boerse deal unlikely
UK group says it can't commit to the divestment of bonds trading platform as requested by EU officials
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London
LONDON Stock Exchange Group Plc (LSE) said its US$13 billion tie-up with Deutsche Boerse AG is unlikely to proceed after a new regulatory hurdle signalled a potential end to the companies' efforts to create a champion European exchange.
European Union officials had requested that LSE divest MTS, an electronic trading platform for European government bonds. LSE said it couldn't commit to such a divestment and would not submit a remedy proposal.
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