WSJ: EU details antitrust hurdles for Deutsche Börse, NYSE

06 October 2011

The European Union spelled out its concerns regarding the planned merger between German exchange operator Deutsche Börse AG and NYSE Euronext, delivering to the exchanges a formal statement of objections to the transaction.

The objections include concerns regarding how the deal would affect competition in areas such as products, market shares for securities listings and individual securities, people familiar with the matter said earlier. Wednesday's statement, which wasn't made public, is the basis for negotiations between the Commission and the two exchange operators, which have the chance to propose remedies to the antitrust concerns within the coming weeks.

The Commission, the EU's executive agency and chief merger regulator, previously said it plans to make a final decision on the proposed merger by December 13. That could be delayed, though, because the Commission's in-depth review of the plan only started in early August.

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