EU Blocked London Stock Exchange-Deutsche Boerse Deal
March 30 , 2017
As per reports, London Stock Exchange's £21bn merger with Deutsche Boerse has been canceled by the European Union regulators. As mentioned by the European Commission, certain financial services would face a "de facto monopoly" because of the deal.
The commission’s decision is being regretted by the London Stock Exchange Group as the deal would have combined two largest stock exchange operators of Europe.
A merger between LSE and the German stock exchange Deutsche Boerse to come to fruition failed for the third time.