Deutsche Boerse and LSE Group own Europe's two main clearing houses
The proposed merger between Deutsche
Boerse and the London Stock Exchange could be blocked by
European anti-competition authorities over fears of
concentration in the clearing layer, according to experts, but
there is uncertainty which way the lawyers will go on this.
Deutsche Boerse, which owns
Frankfurt-based futures market Eurex, and the LSE Group, which
is the majority shareholder in London clearing house
said on Tuesday they were talking about a planned "merger of
equals", the third time in 15 years the exchanges have
discussed a combination.
Industry experts reacted by saying the
merger as it stands will be heavily scrutinised by European
anti-trust regulators over concerns the new entity could be too
strong in the clearing segment.
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