The European Commission (EC) has banned the merger of two largest exchange operators in Europe – Deutsche Boerse and London Stock Exchange (LSE).
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.
Recall that 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 over 29 billion dollars.