NYX Nyse Euronext

German exchange operator Deutsche Boerse AG (DB1.XE) Tuesday said huge mergers or acquisitions aren't on its current agenda as it outlines its standalone strategy after the planned mega merger with NYSE Euronext (NYX) was nixed by the European Union earlier this month.

"I am sure it will come as no surprise to you that, in light of a shift in the competition authorities' position away from a global toward a regional market view -- which can be debated but not explained away -- we are not focusing on large-scale mergers and takeovers," Chief Executive Reto Francioni told the annual earnings press conference.

The German exchange had already developed a stand-alone strategy in case the EU prohibited the merger, which it did a year after it was announced.

Francioni outlined the growth strategy, which aims to boost revenue to back to record levels last seen in 2008, when Deutsche Boerse reported revenues of EUR2.46 billion. For 2012, sales revenue in a range of EUR2.35 billion to EUR2.5 billion is targeted.

The increase in sales revenue will be driven by the full acquisition of the 15% Deutsche Boerse doesn't already own in derivatives exchange Eurex, the consolidation of European Energy Exchange from July 1 onward, growth initiatives and partnerships in Asia and Central and Eastern Europe in which it plans to invest. A better linkage of business units and efficient cost management will also contribute to accelerate growth, Francioni said, adding the company doesn't plan to cut jobs.

-By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500; ulrike.dauer@dowjones.com

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