This fusion is not to be done. The European Antitrust rejected the merger between Deutsche Boerse Ag and the London Exchange Group, believing that "it would lead to the creation of a de facto monopoly on the clearing markets for fixed income financial instruments".
According to the competition commissioner, Margrethe Vestager, "the concentration between Deutsche Boerse and LSE would have considerably reduced competition due to the creation of a de facto monopoly" in a delicate sector and the parties "have not proposed corrective measures necessary to resolve the doubts in matters of competition expressed by us".
In particular, the Commission has pointed the finger at the market for bond clearing and bond repurchase agreements in Europe, currently managed only by the Frankfurt and London stock exchanges.
