Deutsche Boerse: Germany's BaFin OKs NYSE Euronext Tie-Up
12 Settembre 2011 - 4:04PM
Dow Jones News
German exchange operator Deutsche Boerse AG (DB1.XE) said Monday
Germany's financial services regulator BaFin has approved the
merger of Deutsche Boerse and NYSE Euronext (NYX).
"BaFin's overall conclusion was that there are no grounds
against the merger in Germany in terms of banking supervisory
regulations," the company said in a statement.
The deal remains subject to further approvals by European
antitrust authorities as well as by exchange supervisory
authorities.
NYSE Euronext and Deutsche Boerse agreed to merge in February
and secured shareholder support for the deal in July. The European
antitrust review remains the biggest hurdle to the deal, which the
companies still see closing by year-end.
-By Neetha Mahadevan, Dow Jones Newswires; +49 69 2972 5507;
neetha.mahadevan@dowjones.com
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