Deutsche Börse merger talks with Borsa Italiana break down

Deutsche Börse signed a letter of intent to merge with the Milan-based exchange in October.

The Frankfurt-based exchange hoped the tie-up would entice Euronext – the Paris-based stock exchange which is on the brink of a merger with the New York Stock Exchange – to consider a three-way European merger instead.

Deutsche Börse this week published a statement on its website announcing the suspension of talks about a “joint approach for the consolidation of the European exchange landscape”.

The exchange stated: “It became clear in the course of the negotiations following the signing of a Letter of Intent that an agreement between the two parties on certain key issues was not achievable in the short term.”

A spokesman for Deutsche Börse said an important element in the breakdown of talks was the two exchanges’ failure to reach an agreement before the Euronext extraordinary general meeting in December. “We have been and continue to be an advocate of European exchange consolidation,” he said.

Deutsche Börse reported record sales and trading volumes in the third quarter of this year. Earnings before interest, tax and amortisation (EBITA) rose by 42% year-on-year to total €255 million in the third quarter, including an exceptional gain of about €24 million from the sale of 70% of Eurex US.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here