EU vetos Deutsche Boerse-London Stock Exchange merger deal http://finance.yahoo.com/news/deutsche-boerse-lse-merger-plans-091736835.html
Fourth reich bid to takeover London Stock Exchange scuppered https://www.bilderberg.org/phpBB2/viewtopic.php?t=7483 Well the UK regulators were about to stop the takeover after Article 25 letter London, kindly, letting the EU break the news to us all Lots of background here Is anti-democratic EU the Fourth Reich Hitler dreamed of? http://911forum.org.uk/board/viewtopic.php?t=10957 and here Brexit and EU Referendum http://911forum.org.uk/board/viewtopic.php?t=22930 Germany declines to comment on scuppered LSE/Deutsche Boerse deal http://www.todayonline.com/business/germany-declines-comment-scuppered-lsedeutsche-boerse-deal German lawmaker warns U.S. exchanges against Deutsche Boerse bids https://www.yahoo.com/news/u-exchanges-warned-against-deutsche-104300742.html EU vetos Deutsche Boerse-London Stock Exchange merger deal http://finance.yahoo.com/news/deutsche-boerse-lse-merger-plans-091736835.html ReutersMarch 29, 2017 European Competition Commissioner Vestager holds a news conference after EU antitrust regulators blocked the proposed merger of Deutsche Boerse and the London Stock Exchange, in Brussels European Competition Commissioner Margrethe Vestager holds a news conference after EU antitrust regulators blocked the proposed merger of Deutsche Boerse and the London Stock Exchange on Wednesday as expected, saying that the deal would have harmed competition because of the companies' combined market power, in Brussels, Belgium March 29, 2017. REUTERS/Yves Herman By Foo Yun Chee BRUSSELS (Reuters) - An attempted merger between the German and British stock exchanges was struck down by European regulators on Wednesday, formally ending a deal that unraveled in the wake of Britain's vote to leave the European Union. "We could not approve this merger on the terms ... proposed," said European Competition Commissioner Margrethe Vestager, blocking the 29 billion-euro ($31 billion) deal to combine Deutsche Boerse (DB1Gn.DE) and the London Stock Exchange (LSE.L). A merger would have created Europe's biggest stock exchange. But the European Commission objected, saying the deal, which was the pair's fifth attempt to combine, would have resulted in a monopoly in the processing of bond trades. Selling MTS, the LSE's Italian fixed income trading platform, would have removed the Commission's concerns but LSE declined to do so. "How exactly these markets work and the products traded can seem like rocket science," said Vestager. "But actually our competition concerns with this merger are very simple." "In some markets Deutsche Börse and London Stock Exchange both provide the same services. And in some of these markets they are essentially the only players and the merger would therefore have led to a de facto monopoly." The EU rejection comes on the day the British government started proceedings for leaving the European Union, a move which industry sources have said undermined the merger plans. The Brexit decision had prompted German politicians to demand that the headquarters of the exchange group move from London to Frankfurt, creating a conflict that caused the deal to unravel. Further complicating the picture, German police and prosecutors had opened an investigation into possible insider trading by Deutsche Boerse Chief Executive Carsten Kengeter, the man who was set to lead the combined group. "It is always the same," said one Deutsche Boerse manager, commenting on the long saga of the two exchanges trying to join together. "Attempt to merge. Fall on your face. Save up money. Next merger attempt. Fall on your face," he said. While Wednesday's announcement marks the official end of the deal, there was already no hope left that it would go ahead after the LSE took the unusual step last month of saying it would not accede to EU demands that MTS had to be sold if the deal was to be approved. Shares in the LSE were up 2 percent at 3,085 pence by 1130 GMT on Wednesday, after it announced a share buyback, while shares in Deutsche Boerse were up 1.7 percent at 83.23 euros. POWER STRUGGLE The proposed merger threw a spotlight on clearing, whereby stock, bond and derivatives trades are completed, even if one side of the deal goes bust. The LSE's clearing arm, LCH, is one of the world's biggest, and the exchange had agreed to sell its LCH's Paris arm to French bourse Euronext if the merger went ahead. That sale will now not happen, the LSE said. This presents a problem for Euronext, which had opposed the tie up of London and Frankfurt, because it uses LCH in Paris to clear its own share trades under a deal that expires next year. Euronext Chief Executive Stephane Boujnah said on Wednesday that it was still willing to buy the business. "But in the absence of obtaining an agreement, Euronext is fully committed to securing the best long-term solution for its post-trade activities," Boujnah said. LCH in London dominates the clearing of euro-denominated derivatives, an activity some EU policymakers want shifted to the euro zone to come under the supervision of the European Central Bank because Britain is leaving the EU. The bourse merger could have helped by shifting euro clearing to Deutsche Boerse's Eurex arm in Frankfurt. The collapse of the deal may now prompt the European Union to take action to engineer such a shift. (Additional reporting by Huw Jones in London and Andreas Kroener in Frankfurt; Writing by John O'Donnell; editing by Philip Blenkinsop, Greg Mahlich) Germany declines to comment on scuppered LSE/Deutsche Boerse deal http://www.todayonline.com/business/germany-declines-comment-scuppered-lsedeutsche-boerse-deal Published: 7:40 PM, February 27, 2017 BERLIN - The German government declined to comment on Monday on the London Stock Exchange <LSE.L> all but ending a planned merger with Deutsche Boerse <DB1Gn.DE> to create Europe's biggest stock exchange by ruling out a European antitrust demand. A spokeswoman for the Finance Ministry said at a government news conference it was a corporate issue that she would not comment on. Chancellor Angela Merkel's spokesman said he had nothing to add to that. In an unusual step, the London Stock Exchange (LSE) on Sunday preempted a European Commission antitrust decision, saying it was unlikely to give clearance for the merger after the London bourse had refused to sell an electronic trading platform in Italy. REUTERS _________________ http://www.radio4all.net/index.php/contributor/2149 Secret Rulers http://www.youtube.com/watch?v=zsyyBgdIZ4g http://www.thisweek.org.uk http://www.dialectradio.co.uk http://www.911forum.org.uk Back to top View user's profile Send private message Send e-mail Visit poster's website TonyGosling Site Admin Site Admin Joined: 26 Jul 2006 Posts: 957 Location: St. Pauls, Bristol, UK PostPosted: 31 Mar 2017 01:14 am Post subject: Reply with quote Edit/Delete this post Delete this post View IP address of poster Proof of how politicised privatisation of stock exchange have become German lawmaker warns U.S. exchanges against Deutsche Boerse bids https://www.yahoo.com/news/u-exchanges-warned-against-deutsche-104300742.html Reuters March 30, 2017 The plaque of the Deutsche Boerse AG is pictured at the entrance of the Frankfurt stock exchange By Anjuli Davies and Huw Jones LONDON (Reuters) - U.S. stock exchanges should not attempt to buy Deutsche Boerse (DB1Gn.DE), the German exchange whose bid to merge with its London counterpart has just collapsed, a senior German politician said on Thursday. "Deutsche Boerse is not only a private company but it also has state responsibilities," Thomas Schaefer, finance minister for the German state of Hesse, told reporters. "The stock exchange authorities of Germany have to guarantee that if there is a change of owner, it has to guarantee that business has to continue uninterrupted as normal and it doesn't matter who makes an offer," Schaefer said. Asked what his response would be if a U.S. exchange like ICE (ICE.N) stepped in to bid for Deutsche Boerse, Schaefer replied: "I would rather recommend colleagues in America not to attempt to do this." Hesse regulates the financial center in Frankfurt where Deutsche Boerse is based, and also has a veto over any merger involving the exchange. The European Commission on Wednesday vetoed a planned tie up between Deutsche Boerse and the London Stock Exchange Group (LSE.L), saying it would have reduced competition in fixed income markets. In 2012, Brussels also vetoed a merger between Deutsche Boerse and NYSE Euronext, the U.S. exchange which ICE later acquired. The collapse of the latest merger effort has triggered speculation of fresh attempts at consolidation among exchanges, with Singapore Exchanges (SGXL.SI) looking at tie-ups abroad, according to media reports on Thursday. FRANKFURT TO GROW Schaefer was in London to visit financial institutions and regulators as Frankfurt hopes to benefit from banks in London having to beef up their continental bases to continue serving clients after Brexit. "We believe Frankfurt will grow," Schaefer said. However, he expects that the Brexit "cake" will be divided among several financial centers in the EU. Insurance market Lloyd's of London [SOLYD.UL] said on Thursday it has chosen Brussels for its European Union subsidiary because of its strong regulatory framework. Schaefer said he believed banks would make decisions in principle over the next three to six months on where to set up new entities and relocate. He also met with the European Banking Authority (EBA), which will have to relocate its headquarters from London, and noted that the European Commission has proposed that it is merged with the European Occupational and Pensions Authority, which is based in Frankfurt. _________________ -- -- Please consider seriously the reason why these elite institutions are not discussed in the mainstream press despite the immense financial and political power they wield? There are sick and evil occultists running the Western World. They are power mad lunatics like something from a kids cartoon with their fingers on the nuclear button! Armageddon is closer than you thought. Only God can save our souls from their clutches, at least that's my considered opinion - Tony You received this message because you are subscribed to the Google Groups "PEPIS" group. 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