Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

EU's Vestager to hold news conference on Wednesday, likely focus on exchanges deal

Published 03/28/2017, 05:42 AM
Updated 03/28/2017, 05:50 AM
© Reuters. A woman walks past the London Stock Exchange building in the City of London, Britain

BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager will hold a news conference on Wednesday, where she is expected to announce that she is blocking the proposed merger of Deutsche Boerse (DE:DB1Gn) and the London Stock Exchange (L:LSE).

Vestager's news conference will start at 11 a.m CET (0900 GMT), the EU executive said in a statement on Tuesday, without providing further details.

Last week, sources told Reuters that Vestager would on Wednesday lay out the case for stopping the fifth attempt by the two companies to create Europe's biggest exchange.

The British government is also due to start launch its procedure for leaving the European Union on Wednesday.

Last month, LSE set the stage for a negative decision by the EU competition enforcer when it rejected a demand to sell its MTS Italian trading platform.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.