Brussels (AFP) – The EU on Wednesday launched an in-depth investigation into whether the blockbuster attempt by the Frankfurt stock exchange to merge with its London exchange rival harms competition.
The EU team, led by the hardened Competition Commissioner Margrethe Vestager, has 90 days to assess the merger which has already hit turbulence after the shock decision by Britain to quit the European Union.
“We must ensure that market participants continue to have access to financial market infrastructure on competitive terms,” Vestager said in a statement announcing the wide-ranging probe.
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