LSE, Deutsche Boerse deal in jeopardy
London Stock Exchange
London - Arab Today
London Stock Exchange (LSE) said its proposed merger with Deutsche Boerse AG was unlikely to be approved by the European Commission (EC), leaving the stock market operators’ third attempt at combining on the brink of failure.
The LSE said in a statement late on Sunday that the commission had asked it to sell its 60 percent stake in fixed-income trading platform MTS to satisfy antitrust concerns over the merger of Europe’s two largest market operators.
Calling the request “disproportionate,” the British exchange said it believed that it would struggle to sell MTS and that such a sale would be detrimental to its ongoing business. “Based on the commission’s current position, LSE believes that the commission is unlikely to provide clearance for the merger,” it said.
The exchange added that it would still work to make the merger with Deutsche Boerse succeed, but that would be impossible unless the EC changed its position. The commission and Deutsche Boerse declined to comment.
Source: Arab News
GMT 12:01 2018 Tuesday ,23 January
Bahrain Bourse daily trading performanceGMT 19:16 2018 Monday ,22 January
TRA responds to hoax Dh5,000 VPN fine SMSGMT 13:09 2018 Sunday ,21 January
Bahrain Bourse daily trading performanceGMT 13:50 2018 Friday ,19 January
US SEC says bitcoin funds raise ‘investor protection issues’GMT 06:50 2018 Friday ,19 January
European stocks mostly advance on bright global outlookGMT 09:12 2018 Thursday ,18 January
European stock markets join global downtrendGMT 17:06 2018 Wednesday ,17 January
China temporarily waives taxes to get foreign firms to stayGMT 17:01 2018 Wednesday ,17 January
JPMorgan Chase earnings drop on weak trading, tax items
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 05:14 2024 Wednesday ,07 February
Sophisticated Classic Dining Room Design Ideas
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the
GMT 05:06 2024 Tuesday ,06 February
New hunt for flight MH370 gets under way
GMT 16:17 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licences
GMT 07:08 2017 Thursday ,02 March
Karmen Soliman denies normalization with Israel
GMT 14:23 2017 Thursday ,07 September
Dubai Municipality installs solar panel cleaning robotsGMT 19:35 2011 Monday ,09 May
Gold prices near $1504 in Asia
GMT 22:47 2016 Thursday ,02 June
Prince died of painkiller overdose
GMT 05:52 2013 Wednesday ,18 September
Ayoon Wa Azan (They are all against Syria)
GMT 15:01 2016 Sunday ,13 March
Stranded by Chile plane mishap
GMT 16:59 2015 Friday ,22 May
US State Department releases first Clinton emails
GMT 03:10 2012 Thursday ,10 May
The Arab Autumn recantersGMT 13:11 2011 Monday ,02 May
Dollar rises on reports Osama bin Laden is dead
GMT 10:37 2016 Monday ,07 November
Philippines to ratify climate pact
GMT 12:27 2013 Tuesday ,11 June
Jaguar\'s carbon friendly motor
GMT 11:13 2016 Saturday ,28 May
Khloe Kardashian, James Harden Still Happening
GMT 19:44 2015 Thursday ,09 July
21.5m affected by US government data breach
GMT 23:22 2017 Wednesday ,02 August
Saudi Arabia announces plans for visa-free travelGMT 23:23 2011 Monday ,16 May
Barca moves UNICEF to back of shirts in 2011-12GMT 13:22 2011 Tuesday ,12 July
Documentary film on Nubia screened
GMT 08:42 2017 Saturday ,27 May
Bahrain weather forecast
GMT 07:14 2017 Tuesday ,31 October
Samsung Electronics to double dividend next yearGMT 08:12 2013 Saturday ,23 March
Israel halves Gaza fishing zone
GMT 05:15 2018 Friday ,12 January
French police recover some jewels from Ritz heistGMT 11:59 2012 Thursday ,22 March
Arabs don\'t need power struggleGMT 08:53 2011 Thursday ,25 August
Ghada Abdel Razar to marry soon
GMT 07:50 2017 Friday ,10 March
The story of Fawzi al-Qawuqji and the fight for Arab liberation
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor