US committee completes review of Deutsche Börse and NYSE Euronext combination

US committee completes review of Deutsche Börse and NYSE Euronext combination

23/08/2011

The Committee on Foreign Investment in the United States (CFIUS) has completed its review of the Deutsche Börse and NYSE Euronext combination without objection to the transaction going forward. CFIUS is an inter-agency committee of the US government to regulate foreign investment in the US. With this approval, the companies have cleared another important regulatory hurdle.

CFIUS reviews the national security implications for the US of foreign investment in US companies. The committee, which is chaired by the Department of the Treasury, includes representatives from the Departments of Justice, Commerce, State, Defense and Homeland Security. It concluded that there are no national security grounds to oppose the merger.

The transaction remains subject to further conditions being met, including approval in the US and Europe by the relevant bodies governing competition, finance and securities, and by other supervisory authorities. These assessments concerning regulatory requirements and competition law are expected to continue until the end of the year.