The London Stock Exchange (LSE) has announced the terms of its latest attempt at a merger with Deutsche Boerse are unlikely to be approved by the European Commission as a result of "disproportionate" demands made by the EU body around the deal.
In a statement, the LSE said the Commission had asked it to sell its 60% stake in trading platform MTS to satisfy what Reuters describes as "antitrust concerns" and gain clearance for the €29m merger, the terms of which were agreed with Deutsche Boerse in March last year. In a statement, LSE said the Commission raised concerns earlier this month about the impact of the merger on access to bond and repo trading feeds, with MTS currently providing a major platform for trading European government bonds. However, LSE said it believes the requirement to divest MTS is "disproportionate" as ...
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