The UK Competition Authority clears a Phase II merger in the securities exchange sector subject to two similar packages of structural and behavioural remedies for either one of the competing bidders (Deutsche Börse / Euronext / London Stock Exchange)

The operation The parties involved in this investigation were Deutsche Börse AG and Euronext NV, the competing bidders, and the London Stock Exchange, the target. The intended acquisitions were notified to the Office of Fair Trading (OFT) separately by each bidder. When both were referred to the UK Competition Commission (CC) in March 2005, the CC investigated the two proposed mergers as one case and subsequently issued one single report. Deutsche Börse AG (DBAG) operates the Frankfurt Stock Exchange (Frankfurter Wertpapier Börse, FWB). DBAG as a corporate group is mainly focused on providing; trading services

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