Deutsche Börse and the London Stock Exchange Group are set to offer Brussels further concessions from their fixed-income clearing businesses to persuade antitrust watchdogs to approve their merger to create Europe’s largest exchanges operator.
This month the two sides put forward a narrow offer of concessions, which solely involved the sale of the LSE’s French clearing arm, in a sign that they were confident of overcoming antitrust concerns about their €29bn tie-up.
But now the two exchanges are discussing further offerings, including one of them disposing of their repo and fixed-income clearing businesses, as they try to steer the merger past EU competition officials, according to two people briefed on the talks. Both the LSE and Deutsche Börse declined to comment. The Commission also declined to comment.
Full Content: The Telegraph
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