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Retail Investor Group Warns of LSE-Deutsche Boerse ‘Dominance’

  • New European investor group lobbies to competition commission
  • Combined company would be dominant in indexes, ETFs, clearing

A European retail investor association is lobbying against Deutsche Boerse AG’s acquisition of London Stock Exchange Group Plc, arguing to officials in Brussels that the deal would damage competition in Europe.

The combined exchange operators would have “super dominance” in the provision of market indexes, exchange-traded funds and clearing, the European Investors’ Association wrote in a letter to European Competition Commissioner Margrethe Vestager. The investor group, started last year, was founded by the Dutch Investors’ Association and the European Financial Education Foundation. Euronext NV operates markets in the Netherlands.