London Stock Exchange-Deutsche Boerse deal blocked by EU

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EU regulators have blocked London Stock Exchange’s £21bn merger with German stock exchange Deutsche Boerse.The European Commission said the deal would have created a “de facto monopoly” for certain financial services.The merger would have combined Europe’s two largest stock exchange operators. London Stock Exchange Group warned last month that the deal was unlikely to receive EU approval over concerns it would limit competition.

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Date : 29 March 2017 9:24 am

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