The 29 billion euro ($30.
65 billion) tie-up between the London Stock Exchange (LSE) and Deutsche B?rse has been thrown into doubt after the U.
K.
exchange said it would not be able to meet a last-minute antitrust request from the European Commission.
The European Commission`s request ? which was described as unexpected by the U.
K.
exchange - followed the submission of concessions seeking to address anti-trust concerns by the would-be merger partners this month.
LSE shares opened down 1.
3 percent while Deutsche B?rse shares were trading 2.
5 percent lower shortly after market open Monday.
The LSE statement also conceded that the European Commission would be unlikely to provide clearance for the tie-up given its current position.
Neither exchange was available for comment when contacted by CNBC on Monday.
65 billion) tie-up between the London Stock Exchange (LSE) and Deutsche B?rse has been thrown into doubt after the U.
K.
exchange said it would not be able to meet a last-minute antitrust request from the European Commission.
The European Commission`s request ? which was described as unexpected by the U.
K.
exchange - followed the submission of concessions seeking to address anti-trust concerns by the would-be merger partners this month.
LSE shares opened down 1.
3 percent while Deutsche B?rse shares were trading 2.
5 percent lower shortly after market open Monday.
The LSE statement also conceded that the European Commission would be unlikely to provide clearance for the tie-up given its current position.
Neither exchange was available for comment when contacted by CNBC on Monday.
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