Deutsche Börse and the London Stock Exchange Group’s plan to create Europe’s largest exchange group is set to face an in-depth investigation by Brussels following fears that the companies would have limited time to answer authorities’ initial concerns.
European antitrust officials held a meeting last Wednesday with the exchanges outlining market concerns about the deal but the watchdog has not shared its own thoughts, according to two advisers familiar with the discussions. The exchanges will probably only find out close to the end of the EU’s initial investigation on September 28, the advisers said.
The Commission is due to make public its deliberations a few days later and the limited timeframe to offer remedies — if needed — would make an in-depth study inevitable. The Commission said it would not comment on the investigation. The LSE and Deutsche Börse also declined to comment.
The combination would create one of the biggest venues for equities listings and market data, and risk manage more derivatives trades than any other entity in the world. It has already met criticism from some rival European exchanges as well as the governments of France, Belgium, the Netherlands and Portugal.
Full Content: Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI