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News & Events
December 7, 2008
Talks on merger of exchanges end without success
Frankfurt: Any merger talks between Deutsche Bourse, the German stock exchange operator, and New York counterpart NYSE Euronext have ended without success, Deutsche Bourse said on Sunday.

Such a merger, which German magazine Der Spiegel said on Saturday was being planned, would have created the world's biggest exchange group.

On Saturday, both companies declined to comment on the Der Spiegel report, which cited as its source an "internal paper" that it said had been presented by Deutsche Bourse Chief Executive Reto Francioni to the group's management board. "Deutsche Bourse is constantly evaluating a multitude of options to enhance the value of the company. This naturally includes regular contacts with various potential partners, such as NYSE," said the German company, which has come under pressure this year from its two biggest stockholders - activist investment funds TCI and Atticus - to boost shareholder value.
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