European Union financial services commissioner Michel Barnier “will take the necessary personal time” to review plans by NYSE Euronext and Deutsche Boerse AG to merge before giving his opinion on the deal.
The European Commission, the 27-nation EU’s executive arm, is expected to decide early next month whether to back a proposal from the EU’s antitrust chief, Joaquin Almunia, to block the deal.
“The merger file is a major issue for the European financial industry,” Chantal Hughes, Barnier’s spokeswoman, said in an e-mail. Barnier “has just completed a long official visit to China, Japan and London” and “wishes to take the necessary personal time before giving his opinion,” she said. “He will not be making any public comment on this file.”
The EU executive is led by 27 commissioners drawn from each of the bloc’s member states. They must jointly approve EU decisions.