Update on European Commission Phase II Proceedings

RNS Number : 8904R

London Stock Exchange Group PLC

14 December 2016

 

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FOR IMMEDIATE RELEASE

14 December 2016

RECOMMENDED ALL-SHARE MERGER BETWEEN LONDON STOCK EXCHANGE GROUP PLC AND DEUTSCHE BÖRSE AG

Update on the European Commission Phase II Proceedings

On 28 September 2016, the European Commission announced the commencement of Phase II proceedings in connection with its review of the proposed merger between London Stock Exchange Group plc ("LSEG") and Deutsche Börse AG ("Deutsche Börse"). 

Separately, LSEG announced on 28 September 2016 its intention to explore a potential sale of LCH SA, LCH Group Limited's French regulated operating subsidiary, which is making good progress.

Today, as part of the on-going EU Merger Regulation process, LSEG and Deutsche Börse confirm that they have received a Statement of Objections from the European Commission in relation to the proposed merger, reflecting a narrower scope of issues.

LSEG and Deutsche Börse look forward to continuing to constructively engage with the European Commission and responding to any concerns raised.

Enquiries:

London Stock Exchange Group plc
Gavin Sullivan / Ramesh Chhabra / Lucie Holloway (Press Office)		[phone]
Paul Froud (Investor Relations)		[phone]
Anthony Cardew (Cardew Group)		[phone]
Lucas van Praag (Fitzroy Communications)		[phone]
Deutsche Börse AG
Grit Beecken (Press Office)		[phone]
Jan Strecker (Investor Relations)		[phone]

 

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