Deutsche Börse and NYSE Euronext seek approval from the European Commission for planned business combination

29 June 2011

Deutsche Börse (XETRA:DB1) and NYSE Euronext (NYSE:NYX) confirm that they have today formally notified their planned business combination to the European Commission's Directorate-General for Competition, thereby triggering the formal start of the anti-trust review process in Europe.

The NYSE Euronext Board of Directors has scheduled a special meeting of shareholders on July 7, 2011, where they will ask the NYSE Euronext shareholders to vote to approve the combination with Deutsche Börse. The acceptance period during which shareholders of Deutsche Börse can tender their shares for exchange to the joint holding company of Deutsche Börse and NYSE Euronext (Alpha Beta Netherlands Holding NV) will end on July 13, 2011.

The combination of Deutsche Börse and NYSE Euronext creates:

• a genuine transatlantic market infrastructure, positioning Europe as an equal partner to the US in leading the development and harmonisation of effectively regulated capital markets;
• a true, pan-EU equity stock market, with single currency trading and the deepest pool of liquidity in Europe, which thereby advances  the European Commission’s vision of a single, integrated, pan-EU, €-denominated capital market;
• significant benefit for clients and issuers thanks to increased efficiencies and reduced costs from opportunities for post-trade harmonisation;
• the premier global exchange, allowing Europe to strengthen and solidify its role as one of the world’s most important financial centres now and into the future.

The transaction is subject to a number of conditions, including approval by the relevant competition and financial, securities and other regulatory authorities in the US and Europe.

Press release

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