Deutsche Boerse and LSE submit merger to EU for approval
The deal, which will create the world's biggest exchange by revenue, is likely to face tough scrutiny because of the huge combined presence of the two companies in derivatives clearing.
The European Commission's antitrust department, whose approval is needed for the deal to proceed, has set a provisional deadline of September 28 for its preliminary review.
"We believe the merger will create significant value for our customers and shareholders, and facilitate economic growth through the creation of a global markets infrastructure group, anchored in Europe," the exchanges said. ■
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