D Boerse says Brussels to block NYSE merger

Germany's Deutsche Boerse says the European Commission is to block its planned merger with stock market operator NYSE Euronext.

Deutsche Boerse AG said in a statement Wednesday that the European Union's executive body is prohibiting the merger because it found it to be inadmissible under competition law.

The German exchange said nearly a year ago that it was looking to buy NYSE Euronext for $10 billion, creating the world's largest exchange operator.

NYSE Euronext owns bourses in Paris, Lisbon, Brussels and Amsterdam, in addition to New York.

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