NYSE Euronext merger with Deutsche Boerse blocked by EU

Not only would it have controlled over 90% of the European derivatives market, it would’ve also have made Frankfurt the finance capital of the world.

NYSE Euronext’s proposed merger with Deutsche Boerse has been blocked by the EU on competition grounds.

The proposed deal would have created the world’s largest stock exchange operator.

However, the European Commission blocked the deal because it said it would have created a “near monopoly” in European financial derivatives.

The European Commission said the planned tie-up would have controlled more than 90% of global trade in European financial derivatives.

Full article: NYSE Euronext merger with Deutsche Boerse blocked by EU (BBC News)

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