London Stock Exchange Says EU Unlikely to Clear Deutsche Boerse Merger
London Stock Exchange Says EU Unlikely to Clear Deutsche Boerse Merger
London - QNA
London Stock Exchange Group (LES) said its proposed merger with Deutsche Boerse AG is unlikely to be approved by the European Commission.
EU had requested that LSE divest MTS, an electronic trading platform for European government bonds. LSE said it couldn't commit to such a divestment and would not submit a remedy proposal.
"Based on the commission's current position, LSEG believes that the commission is unlikely to provide clearance for the merger," LSE said in a statement.
"The LSEG board remains convinced of the strategic benefits of the merger and recognizes the strong support from shareholders for the transaction," the company said. "LSEG will continue to take steps to seek to implement the merger".
Separately, Deutsche Boerse said, "LSEG has resolved to not commit to the required divestment of LSEG's majority stake in MTS SpA. The parties will await the further assessment by the European Commission and currently expect a decision by the European Commission on the merger of DBAG and LSEG by the end of March 2017.
Source: QNA
GMT 16:43 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 07:52 2017 Wednesday ,29 November
London Stock Exchange chief leaves post earlyGMT 07:48 2017 Wednesday ,29 November
Bubble or brave new world? Bitcoin breaks $10,000 barrierGMT 21:39 2017 Thursday ,30 March
European Shares Rise ahead of Britain's Formal Exit ProcessGMT 10:47 2017 Monday ,27 March
Asian markets down on fears about future of Trump agendaRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 00:19 2017 Tuesday ,21 February
Flights grounded as typhoon hits near Tokyo
GMT 03:50 2017 Sunday ,23 April
Drought-hit Somalia moves closer
GMT 10:26 2017 Monday ,03 April
China to create new economic zone outside Beijing
GMT 13:05 2017 Saturday ,26 August
Iraqi forces say mission accomplished in western Talafar
GMT 15:18 2017 Sunday ,24 December
Iraq plans new Kirkuk-Ceyhan oil pipeline
GMT 12:59 2015 Saturday ,27 June
How to stay fit while fasting and feasting to avoid digestive problems
GMT 11:19 2017 Sunday ,27 August
Shaikh Nasser Award final stage underway
GMT 08:56 2018 Monday ,03 December
Israeli forces seize agricultural dwelling in Nablus
GMT 16:41 2018 Monday ,19 November
Putin hails Turkish president’s role in seeing TurkStream project implemented
GMT 12:24 2017 Thursday ,23 February
Al Ain’s Zoran Mamic stresses importance of ‘good start’ in Asian Champions League with Zobahan up first
GMT 11:39 2017 Saturday ,16 September
Kazem reveals his granddaughter’s gift
GMT 23:09 2017 Wednesday ,15 February
Indian PSLV rocket lifts off with record 104 satellites
GMT 13:39 2017 Tuesday ,11 July
Nawal Al Zoghbi says serious honor comes
GMT 07:21 2017 Sunday ,16 July
15 tourist flights arrive to Hurghada airport from Germany
GMT 10:23 2017 Thursday ,16 February
BRAVE books place in World Amateur Championship
GMT 12:42 2017 Saturday ,28 October
A policeman killed in a terrorist attack against Bahrain
GMT 12:01 2017 Saturday ,28 October
Syrian Democratic Forces dominates oil field
GMT 08:07 2017 Tuesday ,28 November
El Ansari said 9 injured in microbus rollover in Helwan
GMT 12:12 2018 Sunday ,02 December
Hassan bin Abdullah receives bank official
GMT 12:27 2018 Friday ,30 November
G20 set to open in Argentina with global trade concerns in focus
GMT 17:02 2018 Sunday ,04 November
NASA's Dawn spacecraft runs out of fuel after 11-year mission to asteroid belt
GMT 12:20 2018 Tuesday ,30 October
Javad Zarif handed in his resignation
GMT 10:30 2018 Tuesday ,23 October
Erdogan says Saudi officials planned Khashoggi murder
GMT 10:38 2018 Sunday ,14 October
Israeli settlers uproot olive trees, raze land in West Bank
GMT 15:16 2018 Monday ,17 September
Cotton output estimated at 10.874 million bales in current season
GMT 15:47 2018 Wednesday ,12 September
Roscosmos chief lambasts rumors over Soyuz as ploy to subvert ISS crew
GMT 21:05 2016 Wednesday ,28 September
Crnival promoting Chinese intangible cultural heritage opens in Beijing
GMT 17:22 2017 Tuesday ,08 August
Jordanian PM to visit Sudan Thursday
GMT 12:23 2014 Wednesday ,05 March
Kuwaiti PM meets Arab African International Bank chief
GMT 19:37 2017 Sunday ,30 July
King wishes Palestinian president well after medical tests
GMT 22:43 2015 Friday ,23 January
Cairo Chamber of Commerce mourns Saudi king death
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor