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LSE-Deutsche Boerse merger in trouble

Plan to create Europe's biggest stock exchange in doubt after LSE ruled out a European anti-trust demand

Reuters  |  London | Frankfurt 

The London Stock Exchange has all but ended a planned merger with Deutsche Boerse to create Europe's biggest stock exchange by ruling out a European antitrust demand, saying it has strong prospects alone. In a bid to create a European trading powerhouse that would better compete against US rivals making inroads on their home turf, the two exchanges struck a 29 billion euro ($30.1 billion) deal just over a year ago. If the merger fails, it will be the latest in a series of doomed efforts at dealmaking by stock exchanges and the likely breakdown of the latest attempt ...

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First Published: Tue, February 28 2017. 01:14 IST