Here’s why
The fate of the London Stock Exchange and Deutsche Boerse merger is look uncertain after the former said it is “highly unlikely” it will be able to meet antitrust conditions set by Brussels.
LSE said that it won’t be able to fulfil European Commission’s request to divest its majority stake in Italian trading unit MTS.
“The LSEG Board believes that it is highly unlikely that a sale of MTS could be satisfactorily achieved, even if LSEG were to give the commitment,” LSE said in a statement.
“Based on the Commission’s current position, LSEG believes that the Commission is unlikely to provide clearance for the merger,” it added.
“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,” Deutsche Boerse said in a statement.
However, LSE did not rule the merger and said it is working on a deal.
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