Luxembourgs financial regulator has approved the merger of Deutsche Brse and NYSE Euronext. This is the next major supervisory milestone for the merger at Deutsche Brses important Luxembourg location.
During its examination of the merger, the Commission de Surveillance du Secteur Financier (CSSF) focused on shareholder control of Clearstream. It examined on the reliability of the Netherlands-based Holdco that would acquire important shareholdings in Clearstream companies, including Clearstream International and Clearstream Services, as well as Clearstream Banking as an international settlement institution within Deutsche Brse Group in Luxembourg, and its financial solidity.
CSSF concluded that there are no banking supervisory reasons against the merger in Luxembourg.
Its examination is similar to that undertaken by the German financial regulator BaFin, which has already been successfully concluded and to that of the shareholder control procedure by the stock exchange regulators.
The transaction is subject to further closing conditions, such as approval by the responsible EU competition authorities and the responsible stock exchange supervisory authorities.
(JDC)