Deals
Euronext Said to Plot Ways to Block Deal Creating European Titan
- LSE-Deutsche Boerse merger would hurt competition, firm argues
- Exchange plans to lobby regulators, seek rival counterbid
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Stock exchange operator Euronext NV is evaluating how to create roadblocks to a merger between its London- and Frankfurt-based competitors because of concern the deal would marginalize its own role in European trading, according to people familiar with the matter.
Euronext is working with advisers, including consultants and lawyers, as it prepares to argue to regulators in Brussels that letting London Stock Exchange Group Plc and Deutsche Boerse AG fuse together would hurt competition in the region, said the people, who asked not to be identified because the discussions are private.