German bid for LSE hits the buffers: Finally, regulators probe controversial 'merger of equals' 



The controversial German takeover of the London Stock Exchange could be blocked after competition authorities launched a formal probe into the deal.
Frankfurt-based Deutsche Boerse is seeking to seize control of the 215-year-old institution in a deal worth £21billion.
But yesterday the European Commission warned merging the two companies could 'eliminate competition in a number of areas', including trading in the giant bonds and derivatives markets.
Instead of giving the green light to the merger, it announced an 'in-depth investigation' which is set to last until the middle of next... read more

 
28 September 2016 in Business, Views: 48
Source: Daily Mail
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