EU blocks Deutsche Boerse's US$14b takeover of rival LSE
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Brussels
EUROPEAN Union (EU) regulators dealt a final blow to Deutsche Boerse AG's planned takeover of London Stock Exchange (LSE) Group Plc, in a symbolic block on EU-UK integration on the same day Britain formally served notice of its decision to quit the EU.
The US$14 billion deal to create Europe's biggest exchange would have harmed competition in the soon-to-be 27-nation EU, by creating a de facto monopoly for clearing bonds and repurchase agreements, the European Commission said in a statement by e-mail on Wednesday.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
