London Stock Exchange Group Plc
* Update on the European Commission phase ii proceedings
* On feb 16, commission raised new concerns about viability of lch sa remedy in relation to access to bond, repo trading feeds provided by MTS SPA
* Merger parties presented improved remedy to complement divestment of LCH SA, which addressed the commission's specific concerns
* Improved remedy was rejected by the European Commission
* Commission required parties commit to divestment of LSEG's majority stake in mts to secure clearance for merger with Deutsche Boerse Ag
* Commission requested that parties submit remedy proposal for divestment of LSEG's majority stake in MTS by 12pm (cet) on feb 27
* Following dialogue with Italian authorities, LSEG board believes it is highly unlikely that sale of MTS could be satisfactorily achieved
* Board today concluded that it could not commit to the divestment of MTS, therefore not be submitting remedy proposal with respect to mts
* LSEG believes that the European Commission is unlikely to provide clearance for merger with Deutsche Boerse Source text for Eikon: Further company coverage:
London Stock Exchange Group Plc
* Update on the European Commission phase ii proceedings
* On feb 16, commission raised new concerns about viability of lch sa remedy in relation to access to bond, repo trading feeds provided by MTS SPA
* Merger parties presented improved remedy to complement divestment of LCH SA, which addressed the commission's specific concerns
* Improved remedy was rejected by the European Commission
* Commission required parties commit to divestment of LSEG's majority stake in mts to secure clearance for merger with Deutsche Boerse Ag
* Commission requested that parties submit remedy proposal for divestment of LSEG's majority stake in MTS by 12pm (cet) on feb 27
* Following dialogue with Italian authorities, LSEG board believes it is highly unlikely that sale of MTS could be satisfactorily achieved
* Board today concluded that it could not commit to the divestment of MTS, therefore not be submitting remedy proposal with respect to mts
* LSEG believes that the European Commission is unlikely to provide clearance for merger with Deutsche Boerse Source text for Eikon: Further company coverage:
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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