European Commission blocks Deutsche Böerse/NYSE merger

The expected became official Wednesday, when European regulators blocked a merger of New York Stock Exchange parent NYSE Euronext and German peer Deutsche Boerse. According to the Commission the deal would have created a “quasi-monopoly” in exchange-traded European derivatives.

NYSE and Deutsche Boerse had proposed remedies in a bid to allay the fears of the Commission, including the sale of the European single-stock equity derivatives business of Liffe, a NYSE subsidiary that competes with Detusche Boerse’s Eurex.

European Commission scuttles NYSE deal with Deutsche Böerse

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