Nick Stafford | published on 9th March 2017
Did Euronext overplay its hand?
Did Euronext overplay its hand? It seems that “intense” lobbying from Euronext, who would like to buy Italian exchange MTS as well as Clearnet from LSEG, persuaded Brussels to impose a last minute demand on LSEG to force it to sell MTS. LSEG rejected the demand, not least because the Italian regulator may not have approved the sale anyway. Net result: the politicians on both sides get the result they want, the DB /LSEG deal collapses, and Euronext gets nothing.
David Field – MD