Deutsche Börse-NYSE : Court confirms merger veto

A proposed merger between Deutsche Börse and NYSE Euronext would have created the biggest exchange in the world, covering all market sectors – but the EU General Court has now backed the European Commission’s veto of the operation. In a decision on 1 February 2012, which received extensive media coverage, the executive said the merger would have harmed competition on the internal market. Subsequently, Deutsche Börse brought an action before the General Court for the annulment of that decision, but…