14 Dec 2016 18:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
FOR IMMEDIATE RELEASE
14 December 2016
RECOMMENDED ALL-SHARE MERGER BETWEEN LONDON STOCK EXCHANGE GROUP PLC AND DEUTSCHE BÖRSE AG
Update on the European Commission Phase II Proceedings
On 28 September 2016, the European Commission announced the commencement of Phase II proceedings in connection with its review of the proposed merger between London Stock Exchange Group plc ("LSEG") and Deutsche Börse AG ("Deutsche Börse").
Separately, LSEG announced on 28 September 2016 its intention to explore a potential sale of LCH SA, LCH Group Limited's French regulated operating subsidiary, which is making good progress.
Today, as part of the on-going EU Merger Regulation process, LSEG and Deutsche Börse confirm that they have received a Statement of Objections from the European Commission in relation to the proposed merger, reflecting a narrower scope of issues.
LSEG and Deutsche Börse look forward to continuing to constructively engage with the European Commission and responding to any concerns raised.
Enquiries:
London Stock Exchange Group plc | ||
Gavin Sullivan / Ramesh Chhabra / Lucie Holloway (Press Office) | +44 20 7797 1222 | |
Paul Froud (Investor Relations) | +44 20 7797 3322 | |
Anthony Cardew (Cardew Group) | +44 20 7930 0777 | |
Lucas van Praag (Fitzroy Communications) | +1 212 498 9772 | |
Deutsche Börse AG | ||
Grit Beecken (Press Office) | +49 69 211 15004 | |
Jan Strecker (Investor Relations) | +49 69 211 12433 | |