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WFE Focus April 2011
Exchange consolidation news

Deutsche Börse and SIX Group sign definitive agreement to make Deutsche Börse sole owner of Eurex

On 7 June 2011, Deutsche Börse, SIX Group and SIX Swiss Exchange signed a definitive agreement for a transaction which would make Deutsche Börse the sole owner of the currently jointly owned Eurex Group and SIX Group a shareholder in the combined Deutsche Börse and NYSE Euronext entity. The agreement is still subject to the formal approval of the Supervisory Board of Deutsche Börse and also, based on the Business Combination Agreement, the Board of Directors of NYSE Euronext. Under the agreement, Deutsche Börse would receive 100% of all Eurex sales and profits instead of the 85% reflected in the consolidated accounts of Deutsche Börse Group today after closing of the transaction with economic effect as of 1 January 2012. In return, SIX Swiss Exchange would receive a consideration of EUR 295 m in cash and 295 m in shares of the combined Deutsche Börse and NYSE Euronext entity.

London Stock Exchange Group proposed merger receives clearance from competition bureau

The London Stock Exchange Group and TMX Group announced that the Canadian Commissioner of Competition has issued a “no action letter” in connection with their proposed merger, confirming that it does not intend to challenge the transaction. This issuance satisfies a condition of the merger agreement that Competition Act of Canada clearance be obtained.

Latin American Integrated Market (MILA) launched

On 30 May 2011, the Mercado Integrado Latinoamericano or MILA was launched. It regroups the Colombia Stock Exchangem the Lima Stock Exchange and the Santiago Stock Exchange. These three bourses will make their listed shares available to investors in all three countries. The first stage in the integration will facilitate technological access to the local market for foreign intermediaries. The exchanges will remain separate legal entities and operate independently.

NYSE Euronext acknowledges withdrawal of NASDAQ OMX Group and IntercontinentalExchange proposal

On 16 May 2011, NYSE Euronext acknowledged the withdrawal of the proposal from NASDAQ OMX Group and IntercontinentalExchange to acquire all outstanding shares of NYSE Euronext.


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