EU may veto NYSE/DB deal - reports
Wednesday 11 January 2012 - by Andrew.Hickley@gfsnews.com
Competition commissioner Joacquín Alumnia is understood to have told the groups that he plans to veto the takeover - which would create the world's largest exchange group by listings - unless a compromise is reached.
NYSE was however quick to denounce the reports, claiming that it has not received "any official decision" from the commission regarding the merger.
In a statement released on Tuesday, NYSE said: "Under the European Commission's formal process, any preliminary recommendation by the case team would subsequently be vetted and acted on by the entire European Commission. We look forward to pressing the case for this compelling transaction in that forum.
"The commission has announced that it will make its final ruling on whether to clear the proposed merger by February 9, 2012. As a matter of policy, we cannot comment on speculation."
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