UK consumer watchdog approves NYSE/Euronext tie-up

The UK’s Office of Fair Trading (OFT) has cleared the merger between the New York Stock Exchange (NYSE) and the European exchange operator Euronext.

The UK’s consumer watchdog said it had decided not to refer the deal to the UK’s Competition Commission.

The OFT focused its inquiry on the impact of the merger on UK customers, in particular the impact on listing and equities trading. The watchdog concluded that no relevant competition concerns were raised.

“While a number of third parties raised concerns, these either did not relate to the prospect that the merger would substantially lessen competition in the UK, or were otherwise unpersuasive in light of the weight of evidence available,” the OFT stated.

Euronext has agreed to merge with NYSE, subject to the approval of shareholders. However, The Children's Investment Fund, which owns 10% of Euronext, said it was backing a rival bid from Deutsche Börse.

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.

Most read articles loading...

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