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BaFin OKs Deutsche-NYSE Merger Plan
Germany’s financial industry supervisor BaFin has granted approval to plans by Deutsche Börse to merge with NYSE Euronext.
Germany’s financial industry supervisorBaFinhas granted approval to plans byDeutsche Börseto merge withNYSE Euronext,金融时报》reports. The regulator has permitted to transfer control of Deutsche Börse and key divisions to a Dutch holding company.
The approval is applicable chiefly toClearstream, the settlement unit of the German exchange group, andEurex Clearing, as the central counterparty for the Eurex derivatives exchange. Deutsche Börse also needs clearance from the finance ministry of the German state of Hessen and European Union competition authorities.
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