Merger of Deutsche Börse AG (DB) and London Stock Exchange Group (LSE)

Commission opens in-depth investigation into proposed Deutsche Börse/LSE merger

The European Commission has opened an in-depth investigation to assess, under the EU Merger Regulation, whether the proposed merger between Deutsche Börse AG (DB) and London Stock Exchange Group (LSE) would reduce competition in several financial market infrastructure areas.

The proposed merger would combine the activities of DB and LSE. By combining the exchanges of Germany, the United Kingdom and Italy, as well as several of the largest European clearing houses, it would create by far the largest European exchange operator.

Commissioner Margrethe Vestager, in charge of competition policy, said: “Financial markets provide an essential function for the European economy. We must ensure that market participants continue to have access to financial market infrastructure on competitive terms. Therefore, we have opened an in-depth investigation to assess the proposed merger.”

For further information: http://europa.eu/rapid/press-release_IP-16-3222_en...