Commission blocked the deal in 2012 saying it would stifle competition
top court has upheld the European Union
Commission’s February 2012 decision to block the
proposed merger between Deutsche Borse AG and NYSE Euronext,
ending a protracted legal battle.
The EU General Court on
Monday backed the commission’s conclusion that a
merger would have created a "near monopoly" of the market,
stating that combined group trading and clearing account for
more that 90% of the global transactions of European exchange
traded derivatives (ETD).
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