London Stock Exchange Says EU Unlikely to Clear Deutsche Boerse Merger
London Stock Exchange Says EU Unlikely to Clear Deutsche Boerse Merger
London - QNA
London Stock Exchange Group (LES) said its proposed merger with Deutsche Boerse AG is unlikely to be approved by the European Commission.
EU had requested that LSE divest MTS, an electronic trading platform for European government bonds. LSE said it couldn't commit to such a divestment and would not submit a remedy proposal.
"Based on the commission's current position, LSEG believes that the commission is unlikely to provide clearance for the merger," LSE said in a statement.
"The LSEG board remains convinced of the strategic benefits of the merger and recognizes the strong support from shareholders for the transaction," the company said. "LSEG will continue to take steps to seek to implement the merger".
Separately, Deutsche Boerse said, "LSEG has resolved to not commit to the required divestment of LSEG's majority stake in MTS SpA. The parties will await the further assessment by the European Commission and currently expect a decision by the European Commission on the merger of DBAG and LSEG by the end of March 2017.
Source: QNA
GMT 13:50 2018 Friday ,19 January
US SEC says bitcoin funds raise ‘investor protection issues’GMT 06:50 2018 Friday ,19 January
European stocks mostly advance on bright global outlookGMT 09:12 2018 Thursday ,18 January
European stock markets join global downtrendGMT 16:02 2018 Wednesday ,17 January
Global stocks extend rally; London hits record peakGMT 15:55 2018 Wednesday ,17 January
London stocks end year on record
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 21:01 2017 Saturday ,10 June
Actress Nelly does not prefer to increase
GMT 19:10 2017 Thursday ,29 June
Sharjah fire kills 37-year-old worker in his sleep
GMT 20:22 2018 Tuesday ,23 January
Woman flies from America to London without ticket, passport
GMT 12:07 2018 Tuesday ,23 January
Syria Kurds urge civilians to take up arms against Turk assault
GMT 01:54 2013 Thursday ,05 December
44m now suffer from dementia worldwideGMT 10:35 2012 Friday ,23 November
FIFA confirms Drogba request
GMT 17:47 2016 Tuesday ,25 October
Belgium cannot sign off on EU-Canada trade pact
GMT 13:39 2017 Sunday ,07 May
France fights to keep Macron email hack from distorting electionGMT 13:14 2011 Saturday ,28 May
Teenage diving champ Daley\'s father dies of cancer
GMT 05:55 2017 Sunday ,13 August
HRH Premier condoles with Egyptian President
GMT 18:54 2017 Saturday ,26 August
Ex-spy's Twitter plot to gag Trump
GMT 07:22 2017 Sunday ,22 October
WHO chief 'rethinking' after Mugabe honour outrage
GMT 07:23 2017 Tuesday ,07 November
Secretary General Meets Serbian Foreign Minister
GMT 14:28 2017 Wednesday ,15 November
Daughter of Angola's ex-president sacked as state oil chiefGMT 07:51 2012 Sunday ,06 May
Summer is here to stay in Dubai
GMT 13:29 2017 Wednesday ,15 March
HH the Emir Sends Congratulations to President of MauritiusGMT 13:57 2012 Saturday ,07 January
Dr. Khoja Undergoes open heart surgery
GMT 14:05 2015 Monday ,27 April
Mohammed bin Rashid attends launch of first DiplomaGMT 08:21 2011 Sunday ,17 July
S. Korea\'s capital market tops 20 quadrillion won
GMT 18:59 2017 Thursday ,25 May
Multiple accidents delay drivers on Dubai roads
GMT 12:19 2016 Monday ,10 October
Bangladesh skipper Mortaza finedGMT 05:39 2011 Friday ,15 July
Firefighters put out 6 wildfires in Russia\'s Far EastGMT 06:14 2012 Monday ,28 May
Facebook hoping to release its own smartphone
GMT 14:05 2014 Wednesday ,25 June
Earth-size 'diamond' in space: White Dwarf
GMT 01:31 2014 Wednesday ,25 June
Monarch butterfly uses magnetic, Sun compasses
GMT 11:22 2013 Thursday ,19 December
West Bank killings threaten peace talks
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor