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Germany declines to comment on scuppered LSE/Deutsche Boerse deal
February 27, 2017 / 11:01 AM / 10 months ago

Germany declines to comment on scuppered LSE/Deutsche Boerse deal

BERLIN (Reuters) - The German government declined to comment on Monday on the London Stock Exchange (LSE.L) all but ending a planned merger with Deutsche Boerse (DB1Gn.DE) to create Europe’s biggest stock exchange by ruling out a European antitrust demand.

FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville

A spokeswoman for the Finance Ministry said at a government news conference it was a corporate issue that she would not comment on. Chancellor Angela Merkel’s spokesman said he had nothing to add to that.

In an unusual step, the London Stock Exchange (LSE) on Sunday preempted a European Commission antitrust decision, saying it was unlikely to give clearance for the merger after the London bourse had refused to sell an electronic trading platform in Italy.

Reporting by Erik Kirschbaum; Editing by Joseph Nasr

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