European Commission blocks London Stock Exchange’s planned tie-up with Deutsche Börse

‘The London Stock Exchange’s planned £24bn tie-up with its German counterpart Deutsche Börse has been blocked by the European Commission on concerns relating to competition and how dominant a combined entity would have been.
In a statement on Wednesday, the Commission said that it had prohibited the proposed merger after an investigation concluded that a tie-up would have “created a de facto monopoly in the markets for clearing fixed income instruments”.
First announced last February, a deal would have created a European powerhouse in trading stocks, bonds and other financial instruments to rival exchanges of a similar size in Asia and the US.’
Read more: European Commission blocks London Stock Exchange’s planned tie-up with Deutsche Börse