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Deutsche Boerse AG (DB1Gn.DE)

DB1Gn.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Deutsche Boerse says expects 68 mln eur from BATS stake sale in Q1
Thursday, 2 Mar 2017 04:11am EST 

Deutsche Boerse Ag : Says completed divestiture of its remaining shareholding in BATS global markets . Says expects a positive impact on net income of around 68 million euros in q1 2017 . Says in q4 2016, deutsche börse already realised a net income contribution of around 23 million euros Further company coverage: [DB1Gn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Deutsche Boerse says LSE has resolved to not commit to required divestment by European Commission
Sunday, 26 Feb 2017 05:46pm EST 

Deutsche Boerse Ag : Recommended merger of co and LSE, decision to not submit a divestment of MTS as improved remedy to European Commission . Currently expect decision by the european commission on the merger of dbag and lseg by the end of march 2017 . Merger parties will await the further assessment by the european commission .LSEG has resolved tonight to not commit to the required divestment by the commission of LSEG's majority stake in MTS S.P.A..  Full Article

LSE says it believes European Commission unlikely to provide clearance for Deutsche Boerse merger
Sunday, 26 Feb 2017 04:07pm EST 

London Stock Exchange Group Plc : Update on the European Commission phase ii proceedings . On feb 16, commission raised new concerns about viability of lch sa remedy in relation to access to bond, repo trading feeds provided by MTS SPA . Merger parties presented improved remedy to complement divestment of LCH SA, which addressed the commission’s specific concerns . Improved remedy was rejected by the European Commission . Commission required parties commit to divestment of LSEG’s majority stake in mts to secure clearance for merger with Deutsche Boerse Ag . Commission requested that parties submit remedy proposal for divestment of LSEG's majority stake in MTS by 12pm (cet) on feb 27 . Following dialogue with Italian authorities, LSEG board believes it is highly unlikely that sale of MTS could be satisfactorily achieved . Board today concluded that it could not commit to the divestment of MTS, therefore not be submitting remedy proposal with respect to mts .LSEG believes that the European Commission is unlikely to provide clearance for merger with Deutsche Boerse.  Full Article

LSE Group updates on aggregate dividend
Thursday, 16 Feb 2017 02:00am EST 

London Stock Exchange Group Plc : Dividend update .Aggregate dividend entitlement will be split between LSEG final ordinary dividend for FY2016 and a separate special dividend..  Full Article

London Stock Exchange says submitted documents to European Commision
Tuesday, 7 Feb 2017 02:00am EST 

London Stock Exchange Group Plc : London stock exchange > - Confirm that they have submitted commitments, comprising proposed sale of LCH SA , in response to preliminary competition concerns raised and with a view to obtaining commission clearance of merger . Commission will now market test commitments .As a result of this development, commission's review timetable is automatically extended by 15 working days to 3 april 2017..  Full Article

Deutsche Boerse, LSE Group to submit divestment of LCH.Clearnet to address anti-trust concerns raised by European Commission in relation to merger
Monday, 6 Feb 2017 06:32pm EST 

Deutsche Boerse Ag :Deutsche Boerse - Co, LSE Group to submit divestment of LCH.Clearnet to address anti-trust concerns raised by European Commission in relation to merger.  Full Article

Euronext makes irrevocable cash offer to acquire LCH.Clearnet
Tuesday, 3 Jan 2017 02:02am EST 

Euronext NV : Acquisition price of 510 million euros ($533.92 million) (subject to a closing adjustment and including excess capital) for 100 pct of Clearnet . Expected pre-tax operating cost synergies of 13 million euros and additional opportunities for revenue synergies . Completion of contemplated transaction is subject to various conditions, including closing of merger between Deutsche Börse AG ("DB") and LSEG . Continues to explore options for derivatives clearing after expiry of cash equities and derivatives clearing agreements with Clearnet in December 2018 . Annual pre-tax operating cost synergies are expected to amount to circa 13 million euros per year (on a gross basis) . One-Off costs related to transaction expenses, carve-out and integration of Clearnet and implementation of cost optimisation plan are estimated at circa 40 million euros . Transaction is expected to be double-digit accretive to co's earnings from first full year post completion, excluding integration costs and before synergies .Rothschild is acting as sole financial adviser to co on this transaction.  Full Article

LSEG says in exclusive talks with Euronext over French LCH Clearnet ops
Tuesday, 20 Dec 2016 02:32am EST 

London Stock Exchange Group Plc : Update on potential sale of LCH SA . Exploring option in order to enable lseg to address proactively anti-trust concerns raised By European Commission in relation to certain businesses . LSEG and LCH Group Limited are exploring sale of LCH SA .LSEG and LCH Group announce that they have entered into exclusive discussions with Euronext NV.  Full Article

Euronext says in talks to buy LSE Group's LCH.Clearnet SA
Tuesday, 20 Dec 2016 02:00am EST 

Euronext Nv : In exclusive talks to potentially acquire LCH.Clearnet SA . At this stage, there can be no certainty that these discussions will lead to a transaction, or as to terms on which a transaction, if any, might be agreed .Any transaction would be conditional on successful closing of merger between LSEG and Deutsche Börse AG and other conditions.  Full Article

NAGA GROUP and Deutsche Boerse set up joint venture Switex
Thursday, 1 Dec 2016 05:10am EST 

Deutsche Boerse AG : NAGA GROUP and Deutsche Boerse set up joint venture Switex Further company coverage: [DB1Gn.DE] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Deutsche Boerse says first half performance 'slightly below' expectations

FRANKFURT Deutsche Boerse said on Wednesday that its first half performance was "slightly below" its expectations and full year earnings were likely to be at the "lower end" of its forecast range.