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NYSE Euronext and Deutsche Boerse 'to create competitor'

NYSE Euronext and Deutsche Boerse are reported to be considering spin-offs in order to push through a merger.

08 December 2011

Merger and acquisition consultants may be helping stock exchange operators Deutsche Boerse and NYSE Euronext to come up with ideas to make it more likely a deal to integrate the companies will be allowed.

Citing unnamed sources close to the matter, Reuters reported the firms are considering creating a competitor in derivatives trading by spinning off parts of their operations.

This move is designed to make it more likely European regulators will allow them to go through with a $9 billion (£5.8 billion) merger, as it would reduce the chance of the companies monopolising the industry.

"Concerns about derivatives remains a key focus of the Commission," an insider explained to the news provider, while the publication was also told there was no more than a 50 per cent chance the deal would be permitted.

Although NYSE Euronext did not comment, the chief financial officer of Deutsche Boerse Gregor Pottmeyer told Reuters: "We want this transaction, but not at all costs."

French newspaper Le Monde recently claimed the European Commission has asked the companies to sell some of their assets in order for competition in the market to remain possible after the merger.

Posted by Ken Hayes

Source: Reuters, December 7th

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